Ethbtcbuy
Fib Circle Guide Pt.2 ETH-BTCAfter the strongest Fib trend has been established (red line) We proceed
Key areas involved include the 1 zone and 1.618
1 has been a consistent support for the pair (green arrows)
1.618 was recently a resistance turned support
Fib circles are very useful in identifying Support and resistance areas, as they are areas of interest, The hardest part is identifying the strongest trendline, once done its breezy
ETHBTC- Can it go to 0.06? I think is very probableI will not go into very deep details, but, if you make a comparison, you can clearly see that in a bullish bitcoin/crypto scenario ETHBTC tends to rise and in a bearish move is falling.
In my recent bitcoin analysis, I said that I expect the price to reach 50k or above , so we have this bullish scenario (at least in my opinion).
Now, analyzing strictly EthBtc chart we can easily see that, on a weekly chart, the price is forming a large H&S and is trading at this point just under resistance neckline.
Going forward, I will assume that the correlation will be maintained and a bullish BTC will mean a rise in ETHBTC chart and a break above this resistance .
The technical target for such a break is 0.06 which is also an old support/resistance zone
ETHBTC bulls!!$ETHBTC #BUY
If ETHBTC starts showing strength and Bitcoin cools off and forms a range then it could be game on.
Want to see alts follow through and pick up momentum. Price tagged the mid more or less and a solid reaction today ETHBTC had nice 14% bounce.
Must hold support 0.02275 I expect uptrend to continue. If the support at 0.02275 sat is broken, the short-term out look will be invalid.
Price is below weekly MA21, if price rises more, this line can act as dynamic resistance against more gains. so Key Flip the 21 weekly (0.618 fib) and game on this mean also alt season should start.
entry zone (0.0245) - (0.02275) sat
Target on the chart
!Key note December and Januari been really good month for ETH BTC pair
ETHBTC - Present Day: Bottom of Cycle, Beginning of RunETHBTC is in the gutter.. But the good news is it can't get much worse!
During 2020, we saw a pattern of when ETHBTC topped within its growth channel.
The 1st gap was 150D
The 2nd gap was 200D (1st gap x 1.33)
The 3rd looks to be.. 267D (2nd gap x 1.33) -- WOWOWOW
As we look to see when this next top will happen, we assume that ETHBTC is currently near the very bottom of the growth channel.
It's been stuck in a downward slope for a little bit, but we can determine the bounce angle for that downward to slope to determine the trajectory of the bounce.
From that, I just fit a growth curve to hit each of the previous low candles. Wouldn't you know it, it makes another W. It's like it's a pattern or something.
Even though BTCUSD faces a price correction, and ETHUSD will probably follow with it.. this is a good mid-term buying opportunity.
Ethereum has hit plenty of ATH's in usage rate metrics this year, its ETHBTC has been suppressed while BTCUSD has seen gains of 20% past its previous ATH.
It's only a matter of time before we start seeing some massive gains for Ethereum itself.
I think a .06-.07 ETHBTC by Memorial Day is conservative.. with Bitcoin forecasts pointing to ~$30K by then, we'll be looking at $2K ETH by Memorial Day.
Weather this storm and reap the bennies later, time to begin accumulating again!
Don't listen to me. I'm an idiot sandwich. #notfinancialadvice.
EK69420
ETH.BTC (Y20.P4.E3).Don't miss out.Macro-structure.continuation*** This is a continuation of the ETH.BTC series, previous posts are below ***
Hi All,
As per chart on the 4 HRLY we have price action in confluence with the RSI and MACD as per my thoughts.
On the 4 HRLY, I'm expecting a 123 or 12345 consolidation move for this RSI formation
DAILY Chart: All bullish signs >
We have a bullish daily candle closing for today in an upward trend.
We have the phoeix indicator with the average ma (blue) moving upwards towards the 50%
RED and GREEN RSI above 50%
RSI chart have a bullish level (red line) where price is staying above.
WT indicator also above 0 level
Please give me a like or tick for this post,
Regards,
S.SAri
4 HRLY Chart
Weekly chart: RSI giving a wedge bullish formation
Lets see if it closes at this level in the next few days
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#ETH/BTC Fractals indicate a 38% rally!Hello guys welcome to this quick setup.
#ETHBTC just broke out of the resistance trendline and currently retesting the flipped Support.
Fractals showing last time it happened ETH rallied almost 38%. This resistance is 106 days long.
IMO this is a good time to add ETH to your portfolio.
I have bought a big bag and will be holding for for few months.
This isn't a short term setup, rather a long term setup.
I will buying every dip if it comes.
WHAT DO YOU THINK about this setup ?
Do share your views in the comment section. Feel free to like this update if you agree, your likes won't cost you anything but provides me a motivation to bring moe of such quality contents for free.
#PEACE