ETHBTCIn my ETH analysis, we still in bullish but in BTC analysis we will have a strong bearish.
If both of that analysis correct, ETHBTC will continue bullish to reach $0.05716
Click here to see my BTC analysis
Click here to see my ETH analysis
ETHBTC
Ethereum & BNB on life Support
I have posted a chart back in May when I was seeing Ethereum & Binance Chain deteriorate, it looks like the final supports are being tested meaning once these are gone the foundation is completely gone.
The Ethereum supply has become inflationary due to the incentive to "Stake" Ethereum so the question is always true. Where does the Yield come from?. (New users staking Ethereum) meaning it takes no energy to create new Ethereum meaning the more its staked the more inflationary the more it becomes a house of cards before collapse.
BNB? Binance owns 70%+ of the supply its dead.
Ethereum ETF's? Yeah there's a reason they are getting little to NO volume smart money is not buying this Ethereum ecosystem either. My guess? is its there to SHORT Ethereum not Long it.
If I'm wrong in the future on Ethereum I will accept the loss. But my mind is set that Proof of Stake DOES not work. Its recreating central banking at hyperspeed.
is $ETHBTC gonna make a double bottom?Ethereum BITSTAMP:ETHBTC is ready for another leg up and i think could make a double bottom patterns, and if it happens, Ethereum is most likely to out perform Bitcoin, which means alts season is about to begin.
this not a financial advice, please do your own research.
Things to keep in mind when trading altcoins in the bull marketHello traders!
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If an altcoin bull market, or bull market, begins, it is very likely that you will eventually make a profit no matter how you buy.
However, if you ride an altcoin that is rising right now, it may take time until it is converted into profit.
Accordingly, when a bull market begins, buying in installments when the candles on the 1D chart are down candles rather than through breakout trading will allow you to make profits more quickly, and you will also be able to wait for large profits more comfortably.
The above is a basic buying method that does not require chart analysis, so it would be good to obtain stable profits through additional trading strategies.
Although it is the best way to earn large profits by investing all your investment in one coin (token), it is not recommended because the risk is high.
However, if you purchase too many altcoins at once, you may not be able to respond when rapid volatility occurs, so it is recommended to trade within the range you can respond to.
Also, if you buy once and then sell 100% as the price rises, you may end up incurring a large loss by buying at the high point, so in a bull market, it is better to leave coins (tokens) equivalent to a certain amount of profit rather than selling 100%.
This is because the average purchase price of altcoins with only the remaining coins (tokens) corresponding to profits is 0, so there is no significant burden when purchasing additional coins.
Therefore, if you sold 100%, you must skip one wave.
You should be careful not to switch to another altcoin just because the altcoin you purchased is not rising, as you may miss another opportunity in the bull market.
(ETHUSDT chart)
(1M charts)
When BTC began its full-fledged upward trend, we marked the section where we thought ETH would rise.
(1D chart)
ETH, like BTC, is a coin that can show independent flows.
Accordingly, it is distinguished from general altcoins.
ETH's rapid volatility could temporarily dominate the coin market, which is likely to lead to an additional uptrend in altcoins.
However, since such movements are shorter than expected, caution is required as the trend of the coin market may change depending on BTC price movements.
It has been falling since rising above 2104.60 on November 9th.
This decline shows that it has fallen to the area corresponding to the previous high point.
Accordingly, you should observe whether there is a possibility of sideways or upward movement around the current price.
Checking whether you receive support or resistance at support and resistance points is very tedious and difficult, but it is a must-do task as it is important in creating or modifying your trading strategy in the future.
If it falls from the current range, it is expected to fall near the bottom of the box range of 1923.03-2104.60.
However, if it does not fall below 1879.61, it is expected to create a pull back pattern, so we need to think about ways to respond.
Since it appears to be trying to create a pull back pattern before BTC, it is expected that after BTC moves, ETH will take the lead and move the coin market for a while.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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ETHBTC.1DBased on the given market data, we can see that the ETH (Ethereum) is currently trading at 0.05368 against BTC (Bitcoin).
From a technical analysis perspective, the 4-hour Relative Strength Index (RSI) stands at 38.41, indicating that the asset is approaching the oversold territory. The Moving Average Convergence Divergence (MACD) on the 4-hour chart is at -0.000055, suggesting a bearish momentum.
The Bollinger Bands (BB) on the 4-hour chart is at 0.05577, with ETH trading below the middle band, indicating a bearish trend. The first, second, and third support levels on the 4-hour chart are at 0.052, 0.051, and 0.050, respectively, while the resistance levels are at 0.055, 0.057, and 0.058, respectively.
On the daily chart, the RSI stands at 45.34, which is a neutral position. The MACD on the daily chart is at -0.00008, suggesting a bearish momentum. The Bollinger Bands on the daily chart is at 0.057, with ETH trading below the middle band, indicating a bearish trend. The support levels are at 0.051, 0.049, and 0.048, while the resistance levels are at 0.060, 0.064, and 0.067.
The 7-day RSI is at 31.49, suggesting the asset is oversold and that a price increase may be imminent. The MACD on the 7-day chart is at -0.00317, suggesting a bearish trend. The Bollinger Bands on the 7-day chart is at 0.05234, with ETH trading below the middle band, indicating a bearish trend.
In conclusion, the market data suggests a bearish trend for Ethereum in the short term, but the oversold condition on the 7-day RSI could mean a potential price reversal. As always, it's crucial to consider other market factors and your risk tolerance before making investment decisions.
ethereum is near the den of sellersIt's been a while since Ethereum has been bullish and given new life to altcoins and we are witnessing alt party. But we must pay attention to some things.
Considering the descending CH and lack of main order flow base and liquidity pools that we have on the chart, we expect to see a big drop on the chart if Ethereum reaches the marked red box.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
13/11/23 Weekly outlookLast weeks high: $38156.9
Last weeks low: $36342.2
Midpoint: $34527.4
Bitcoin continues it's strong march towards 40k with another week of positive price action. Last week we had a bit of a flush out, mainly to liquidate some late longs and hit a few stop losses which is necessary to reset margin traders and is healthy for the market.
For now I think the momentum is with altcoins as bitcoin slows down and profits rotate into ETHEREUM and other large caps alts. Then cycling down to the mid caps and smaller market cap coins.
The ETH/BTC chart is worth keeping an eye on, it will give us a good indication of strength. Blackrock filed for an ETF for ETH last week too which gives investors added confidence that the BITCOIN ETF will be approved soon.
Another big week ahead for the crypto market as a whole, the sentiment is generally euphoric at present, this in the past has been the downfall of people as they get greedy so it's important to take profits at times.
CPI & PPI news events this week also, could see more volatile price action during these announcements especially now that more volume has returned to the market.
ETH/BTC Catch up time?ETH/BTC chart broken down into some simple key areas. We've recently had a double bottom as ETH has lost strength against Bitcoin, however for me it is clear that if the breaker block is flipped after such a strong reaction from the double bottom ETH is on its way to reclaiming strength against BTC.
The next level of major resistance would be 0.0625 area. After BTC's huge move recently and other L1's like SOLANA and INJECTIVE etc ETH has had a lagging response in comparison.
With profits from BTC filtering down the next obvious place would be Ethereum before some sort of mini alt-season if that's possible at this stage. Coupled with the news that Blackrock have just registered an Ethereum trust in Delaware ETH looks very strong currently.
Important support and resistance areas: 1879.61-1941.9Hello traders!
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(ETHUSDT chart)
(1M charts)
The key is whether the price can be maintained by rising beyond the 1879.61-1941.9 range.
(1W chart)
It shows an upward trend in the box range of 1006.32-1783.0.
The key is whether the price can be maintained by rising above 2096.39.
(1D chart)
The key is whether the price can be maintained by rising above 1848.78, receiving support, and rising to the box range of 1923.03-2104.60.
The price is maintained by rising above the M-Signal indicator of the 1M chart, but it can be said that it has risen above the M-Signal indicator of the 1M chart only when the price is maintained by rising above 1848.78.
This is because if it fails to rise above 1848.78, it is expected to fall again to around 1759.20-1779.4.
Since the M-Signal indicator on the 1W chart and the M-Signal indicator on the 1M chart are still in reverse alignment, it is ambiguous to say that the market has entered an upward trend from a mid- to long-term perspective.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
It looks like we are at the beginning of the Ethereum bull runI am an Ethereum buyer in this price range BINANCE:ETHBTC
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USD update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) dropped 2.8% to 1,785 during the past 24 hours, with 13.19 billion worth of ether changing hands over 24 hours. The RSI of 61.4 implies that ethereum has room to rise before overbought conditions materialize.
Meanwhile, the Stochastic level of 79.9 indicates the crypto asset is approaching overbought territory on the daily chart. The CCI reading of 51.4 reflects ether trading in the middle of its band. The 10-day SMA at 1,800 is close resistance, while the 50-day and 100-day SMAs at 1,656 and 1,693 denote some leftover bullish momentum.
Ethereum has witnessed a significant uptick in exchange inflows, reaching a five-month high with a surge of nearly 130,000 ether deposited into exchanges. Over the past fortnight, it has risen more than 10% and over the past month, over 8%. Ether recorded 13.19 billion in 24-hour trade volume on Friday.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
ETHBTC - Likely Recovery PointETHBTC looks really bearish right now to me at least.
I expect a recovery at either the dotted line which is now being crossed or the secondary dashed line at 0.03
From there I could see a sharp recovery up as in the past ETHBTC has acted this way, aligning also with a higher high within the prior structure
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) also edged lower in today’s session, falling below the 1,800 mark in the process.
After reaching a high of 1,857.81 on Thursday, ETH/USD dropped to a bottom at 1,764.01 earlier in the day.
This decline has seen ETH snap a seven-day bull run, pushing the cryptocurrency away from a multi-month high in the process.
The drop coincided with the RSI failing to breach a resistance level of 74.00, and it is now tracking at a reading of 71.13.
Traders who are holding onto their long positions may begin to reconsider this, should the index fall below the 70.00 mark.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
ETHBTC: The Back Bone of Risk Appetite AnalysisIntroduction:
Understanding the nuances of the cryptocurrency market is challenging, especially with its inherent volatility. However, seasoned investors often rely on specific charts to gauge the market's overall sentiment. One such crucial chart is the ETHBTC chart, which is a ratio of Ethereum's price to Bitcoin's price. This article delves into how this chart can be an essential tool for discerning risk appetite in the crypto market and identifying potential altcoin outperformance compared to Bitcoin.
1. A Brief Overview of ETHBTC:
The ETHBTC chart represents the value of one Ethereum (ETH) in terms of Bitcoin (BTC). When the ratio rises, it suggests that Ethereum is gaining strength relative to Bitcoin, and when it falls, Ethereum is weakening relative to Bitcoin. Solana will be used as a representative for altcoins for live examples.
2. Gauging Risk Appetite:
Bullish Sentiment for Altcoins: A rising ETHBTC ratio can be an indication that the broader altcoin market is bullish. Ethereum, being the second-largest cryptocurrency, often leads altcoin rallies. When investors are optimistic about the general altcoin space, Ethereum typically sees significant gains against Bitcoin.
Bearish Sentiment for Altcoins: Conversely, a falling ETHBTC ratio may indicate a more risk-averse sentiment, where investors prefer the perceived 'safe-haven' of Bitcoin over altcoins, including Ethereum.
3. Identifying Potential Outperformance of Altcoins:
Early Indicators: A rising ETHBTC ratio can serve as an early signal that altcoins might start to outperform Bitcoin. When Ethereum, a bellwether for altcoins, gains strength against Bitcoin, it can foreshadow a broader altcoin rally. (depicted earlier)
Reversal Points: Sharp reversals or significant inflection points in the ETHBTC chart can indicate changing market dynamics. These can be pivotal moments where market sentiment shifts, providing opportunities for astute investors.
4. Correlation with Broader Market Indicators:
To get a comprehensive view, investors can also correlate the ETHBTC chart with other market metrics like total market capitalization excluding Bitcoin or volume dominance of major altcoins. Such analyses provide a more holistic understanding of where the market is heading.
5. Caveats and Considerations:
While the ETHBTC chart offers valuable insights, relying solely on it can be myopic. It's vital to:
Combine with Other Tools: Integrate the insights from the ETHBTC chart with other technical indicators and fundamental analyses to ensure a well-rounded investment decision.
Stay Updated: The cryptocurrency market is notoriously dynamic, with rapid changes. Regularly updating oneself on global news, technological advancements, and regulatory changes is paramount.
Conclusion:
The ETHBTC chart is a potent tool in an investor's arsenal, offering insights into market sentiment and potential altcoin performance. However, as with all investment strategies, it's crucial to employ a multi-faceted approach, integrating various tools and staying updated to navigate the tumultuous crypto waters successfully.
ETH/USD - Ethereum Finally Waking up!See this big triangle? ETH seems determined to reach $2,100.
This coincides with the key resistance on this formation.
Bias is bullish and I expect the price to move higher still.
Enjoy it!
Like and follow for more ideas!
ETHEREUM LOOKS BEARISH HERE ELLIOT WAVE THEORY CYCLEHello Traders,
Ethereum looks bearish here and is following a very similar retrace cycle to last time.
Watch this space as I update this idea.
Beware, Ethereum is not bullish!Unlike Bitcoin, Ethereum did not rise much in these few days.
Examining the chart of Ethereum, we can see that a diametric can be identified that we are now in the F wave and then move down for the G wave and the $1400 channel.
The red area is our supply area, which can move the price down.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Can ETH Outperform Bitcoin in the Next Bull Market?Potential Harmonic Pattern on the ETH/BTC Pair.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Coin Watch: Ethereum (ETH)Let's start on the weekly and daily charts:
The weekly shows an ascending wedge.
A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside.
Trading volume and RSI are also decreasing.
=> The sentiment is bearish on the weekly timeframe.
On the daily, we are seeing consolidation areas. The current area might be broken to either side, knowing the previous one broke down. It's important to remember that we are at the support level of the rising wedge on the weekly chart, so we could bounce off it, or break it down.
The RSI is rising however and making higher lows which is a bullish sign.
Moving on to the 4 hours chart:
We basically zoomed in that consolidation area. The market is clearly ranging, meaning people are buying at support areas and selling at resistances.
The RSI is also ranging but showing a bullish divergence although already being in overbought areas.
Another chart I think is important to look at when analysing Ethereum is the ETH/BTC one.
The weekly chart clearly shows us that BTC is gaining power against ETH through the year and is showing no sign of stopping! That, to me, is a strong bearish signal for ETH.
Stay tuned!
ETH.BTC (Long Term Full Analysis)Hello Guys.
How are you?
I hope you are well.
let me say something frankly, it's NOT financial advice.
It's just a vision that belongs to me.
Please just see, think about that, and finally don't hesitate to write your comments.
Today I want to talk about ETHBTC
As you can see we are still in a bearish trend. because we always see a lower high in the chart.
First, I drew a trend line. As you can see, we had four hits on the trend line. It means this trend line is valid so much.
that's really amazing. it proves to us we can expect to see a reaction when the price touches this trendline.
That's really the best zone to buy ETH for the long term and hold.
I drew two support zones. the first one is around 0.04957 and it's really strong.
If you change the price from line to candle stick, you see there are four hits on the trend line.
So, this zone has the ability to push the price up.
although, I believe that the price will lose the first zone finally. Keep it secret, Please.
I'm waiting for the price to touch the second zone to buy ETH.
by the way, we have a flag, based on the flag's theory, when the price succeeds in breaking the low of the flag, A more optimistic approach would be to measure the distance in dollar terms between the pattern’s high and the base of the flagpole to set a profit target.
Also, we have a very positive reinforcement between this red trend line and the first green support zone.
This helps the price to stop dropping.
But if the price loses this zone, the next support zone will be active around 0.02688.
Let me tell you something different, I counted all the waves based on Elliot's rules. please pay attention to the below photo and tell me what you think.
I bet you can buy whatever you want at an amazing price. the rule of buying is being patient. and hold for the long term.
this is the main secret ...
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends.
And tell me what do you think?
Do you agree with me or not?
Wish you health and success
Sincerely Yours
Ho3ein.mnD
ETH/BTC : Critical MomentETH/BTC has been trending downwards for over a year, and has now reached key support levels. Watch closely for a possible reversal within the zone, and act accordingly.
Fib Grid :
//Durbtrade
