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$ETH #Ethereum GETTING READY FOR NEW ATH!!!Hello Lads and Ladies, Today looking into ETH we see some quite nice possibilities. Right now forming a cup, ETH might repeat itself for the third time and make HUGE pump, even with a possibility to a new ATH in BTC value. Everytime ETH makes this formation, it get very bullish and pumps at its peak with 100%. At this moment we have to see if ETH will test and stay at 0.09BTC value, which would be the 38.2%. In this case we will see the displayed pump, start right there. The targets would be the 61.8% fibs (which was the closing pump candle from the previous pump), the 78.6% fibs (which was the very peak of the last pump) and then the 100% fibs (which is still the ATH). From there it might push even more and touch the 127.2% fibs line and allocate its new ATH there. I chose for this chart the reverse fibs retracement because it has been respected quite exactly in the last period of time. Furthermore, the 100% pump would be right around 127.2% fibs line. I know this would be a very nice scenario and we would come a step closer to the lambo. ANYHOW, there is quite a chance that as soon the cup is formed and the 38.2% fibs line hit, ETH will stay in a channel and retrace back to the 0% fibs or even further down to 0.05BTC value (which would be the 127.2% fibs line, if this would not be reverse) looking at it this way, if BTC is at 20k $ that would still be 1000$ for ETH. Even though, there are many rumors for ETH hitting 5k $ this year, where the next pump would be a nice beginning. Short term, watch for the 38.2% fibs line ( 0.0900 BTC value) and see if it starts pumping or retraces down to the 23.6% fibs where it would be the next crucial point. Long term, if it enters the channel, trade the channel. If it pumps, you have the targets. If you are already in, you can gamble 20%-40% that it will retrace back to 23.6% fibs at least for a short period. Cheers, Tomas
Long
by KongTrading
Understanding ETH/BTC in this MASSIVE wegdeMy last 2 posts on ETH and BTC illustrated a potential H&S pattern on both. Head and shoulders patterns aren't typically tradeable until we break out one way or another, as we saw. Both have done very different things. The one that formed on ETH was shakey, but I posted it because the one on BTC was solid and typically both pairs generally move together. ETH had a nice break out and move to the upside and I want to get some macro perspective on things and understand why ETH broke sooner but not BTC (BTC is looking like it could still break up right now) and where we go from here by diving into what ETH/BTC is doing. Lets take a look. 1. ETH/BTC has formed this HUGE wedge and is pushing up. 2. RSI is starting to reach a top, which could be an indicator that we will get a temporary pull back 3. MACD is turning positive. Right now, we have some room to go until we hit this first resistance area at .074. With the way things are going, this could mean that ETH pushes past 575 and goes up to 600 and maybe higher. Ultimately, the reason ETH pushed up and not BTC was because of this upward pressure. If ETH is leading the way, The real question is what does it do once it hits that resistance area? Does it revert down and retest that wedge or that support zone? Or does it continue higher and possible break it to the upside? The pattern that forms will be very telling for where we go from here. Hope that helps, if it does please smash that like button to let me know. -Sherem
Long
by Sherem
1
ETHBTC due for a bounce?ETHBTC's downward motion appears to be slowing after a possible completion of 5 waves down, bouncing right at 0.5 fib retracement (dotted red) of the rise made from Dec-Feb. This fib line also perfectly coincides with the 0.618 retracement line of the fall from last year's peak. The 1D chart shows we are close to crossover of MACD and Stoch RSI . 1D RSI also breaking out of downtrend and oversold territory while showing slight bullish divergence . Shorter 2H timeframe showing many possible indications of reversal. MACD just crossed to positive (though weakly) while showing bullish divergence . RSI is rising from oversold while showing bullish divergence . Potential double-bottom at 0.074. High buying volume appearing at these dips. Breakout of the trend would find strong resistance at 0.08 followed by 0.09. Failure and breakdown of the trend could bring price all the way to the low 60s handles. Any and all moves could be dictated by the ETHUSD -0.38% price and, of course, any BTCUSD -0.91% action.
Long
by Yrat
1
ETHBTC Long due to the divergence in its purposesETHBTC is showing, by the charts presented, a safe place to keep your eyes and investments on. The proposal of Ethereum (ETH) is not to become a currency, but a platform of smart contracts that can be used for many type of secure transactions using the revolutionary blockchain concept. Its clear now that the original Blockchain needs to evolve and there are very professional people and large companies investing in that evolution. Just read more about The Ethereum Foundation and the Enterprise Ethereum Alliance (entethalliance.org) and you will know more about why this chart is showing this uptrend evolution.
Long
by agbarbosa
ETHBTC clear tunnel evolutionBased on basics trendlines and market news, there are many indicators pointing to the end of BTC foolishness and the more adoption of the blockchain as a form of trusted assets transfer. The proposal of Ethereum Smart Contracts and the easiness of the creation of new tokens based on its platform will bring not only adopters (Microsoft, Cisco, Amazon, Facebook) but also money to this world. Eventually ETH can also become a traded currency but that's not its main reason so the adoption will come more naturally as well they can control its value to not become too inflated and scary for the business that wants to adopt and accept it. 2018 is gonna be the year of the cryptocurrency and blockchain as the new internet. And ETH is in a better position of becoming the leader of this movement due to the geniuses behind it and not living anonymous neither seeking for "easy money". Whatever coin you want to invest, look for the one you have real faces behind it and their curriculum. And let's make the smartest and right choices so everyone wins.
Long
by agbarbosa
Ethereum/Bitcoin 60% earning, shorter time period, aproximately Ethereum is very bulish, but opressed by Bitcoin, same as Siacoin and few more altcoin with almost the same extremely bullish structure. I'm not very "convinced" in Bitcoin at this point, because there are strong fluctuation by BTC side which affect entire market, so alts can't grow (even those extremely bullish). This seems like perfect opportunity for Ethereum to grow stronger, it shows very bullish momentum since January 13th while getting oppressed by Bitcoin. Whenever going down (when getting opressed by Bitcoin drop), it makes few % retracement, instantly recoveres and trying to grow whenever Bitcoin seems "stable" (calm). Ehereum seems extra stable, my personaly opinion judging by analysis is more than 60% growth comparing to Bitcoin. It will grow as soon as Bitcoin tries to stabilize on certain price level (8.200-9.300) price level.
by milanjelic
16
Excellent Long-Term Hunting Opportunity in ETHBTC, Don't miss itTrading suggestion: There is possibility of temporary retracement to suggested support zone (0.0775 to 0.0660), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets. .Beginning of entry zone (0.0775) .Ending of entry zone (0.0660) Take Profit: TP1= @0.0860 TP2= @0.1000 TP3= @0.1106 TP4= @0.1253 TP5= @0.1514 TP6= @Free Technical analysis: .Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. .Relative strength index (RSI) is 67. .Current short-term is uptrend and continuation of uptrend is expected.
Long
by ForecastCity
ETH/BTC ReversalThe graph of bitcoin to ethereum looks like a good setup, however i am very caution because of pump of bitcoin which could bleed the altcoin market substantially. I'm expecting a consolidation phase in bitcoin right now so this would give a-lot of time to grow for the price of ether. - Enter at breakout (0.0345) - First take profit at (0.06), Second take profit (0.07) if the price goes above these and you still hodl some; set stop-losses below the second take profit. Looking for 100% - 200% increases. :D
Long
by NarkoTA