Get started

Ethbtcforecast

ETHBTC: Be Patient (for more gains)• A discussion with www.tradingview.com spurred me to think a bit deeper about ETHBTC. • Fundamentally, Ethereum is fantastic tech, and it is eventual that ETH will flip BTC. The potential is there, but the real questions are if, when and how? And these are questions which TA can provide better answers. • ETHBTC has been concurrently forming a cup&handle and a bullish pennant. Given the timing of this bullrun, Elliot Wave theory, the bullish pennant and ETH’s personality, it is eventual that she will break out and form a new ATH towards the end of this bullrun. The real question is if she will breakout sooner or later? • This is an important question as swinging to ETH too early will incur huge opportunity costs, especially if one, like me, has been observing BTC.D and is riding on the alt season wave (very importantly this is a Wave C). Swinging to ETH late will also incur opportunity costs, but much less so as ETH tends to correct for a few days after a breakout. • What then are the primary reasons for ETHBTC breaking out of the bullish pennant within these few days? That is primarily the fact that ETHBTC has been forming a double bottom within the pennant. • However, if we were to apply Elliot Wave theory, we note that there are generally 2 intermediate higher lows in Wave 5. *Assuming* we saw the start of Wave 5 on 21 Jun’21, there should be one more higher low after the one on 11 Oct’21. This is not a double bottom; it is the much better triple bottom. • If we were to examine previous ETHBTC peaks, we note that there are 5-7 robust and green candles prior to the peaks (5, Jun’17; 5, Jan’18; 7, May’21). We have had 4 weak green weekly candles since 11 Oct’21. *If* history is any indication, if ETHBTC were indeed peaking, then this would be a rather pathetic peak for ETH. • If we were to look at ETHBTC’s parabolic move in Apr-May’21, we see that it is heralded by a crossing of the 8W SMA, 21W EMA and 20W SMA, with the lines coming out of the cross in this order (an order which is commonly found in the parabolic moves of most coins). The lines crossed at the 0.786 Fib level of the previous wave, as calculated from top to bottom. *If* history is any indication, ETHBTC still has some way to go as the lines have not crossed, and a similar 0.786 Fib level of 0.07655 has not yet been reached. The crossing of the current trendline (linking the peaks on Jan’18 and May’21) and the 0.786 Fib level is around 13 Dec’21. • If we were to examine the previous bullrun, the RSI of the 2nd peak is in-between the 0.5 and 0.618 Fib level of the 1st peak. *If* history is any indication, ETHBTC’s RSI has still some way to go. Coincidentally, this is also the mid-channel of the ascending parallel channel that her RSI has been in since Sep’21. Also coincidentally, if we were to project RSI levels, *assuming* ETHBTC's weekly RSI grows at a constant pace, then this level will be reached after 13 Dec'21. • Using the same Fib levels, *if* history is any indication, ETHBTC will peak in between 0.128 (2.618 Fib) and 0.155 (3.272 Fib). - TLDR as follows: (1) There is a confluence of factors that suggests that ETHBTC might not break out so early; and (2) similarly, there is a confluence of factors that suggests that ETHBTC might start breaking out around 13 Dec’21. - Assumptions : *we started Wave 5 on 21 Jun’21; *ETHBTC’s parabolic moves are indeed parabolic; *ETHBTC’s parabolic moves are similar to other coins and are preceded by the crossing of the specified lines; *the crossing of these lines happen at 0.786 of the previous Wave; *ETHBTC will peak when her weekly RSI is in between 66.4%-70.3%. - This thesis is invalidated if **the bullish pennant fails; or ** ETHBTC breaks out above the bullish pennant and closes a weekly candle above the pennant before 13 Dec’21. - Watch : ***Weekly RSI’s anticipated peak in between 66.4%-70.3%; and ***ETHBTC’s anticipated peak in between 0.128 and 0.155.
Long
by AlphaBravoCharlie77
Daily ETHBTC UpdateCrunch Time - This is an interesting juncture. ETH has pushed up to the upper resistance line of the consolidation triangle and now has a decision to make. Is it going to break through and run up to my target market high of 0.13 BTC, or is it going to roll over and fall down towards support on the lower support line of the triangle? Technically it's not clear. Volume is so low that none of the indicators can be trusted. Is that an ascending triangle forming and is price going to break down? On balance I'd say that it's showing more strength than weakness as I write this. In these situations I have two principles I follow: 1. When unsure do nothing - ETH is still in an uptrend against BTC and so until that changes remain in ETH. 2. What's my long term view? - I believe that based on fundamentals ETH will outperform BTC over the long term, so ETH is currently the better choice. I'll change to BTC if we get a rejection from this resistance level. (NOTE: I'm actually holding most of my position in BNB, as BNB has been outperforming BTC and ETH for some time now. You can refer my analysis of the BNB/ETH chart)
by marcusdw1
Ethereum Explosive Move On The Way!!Ethereum is looking absolutely amazing against Bitcoin right now and over the past while, we recently had a little accumulation phase where we saw sideways and slightly downwards movement where we built up momentum and now we are breaking out and starting to make a nice run upwards! All shown by my second scenario yellow path, personally think this is just the start for ETH and the altcoins as BTC dominance is looking very bearish! We are approaching resistance at 0.0769 where we could possibly face some trouble and then same thing slightly above around 0.0788, however i don't believe these levels pose a serious threat to ETH because of the huge amount of momentum i think is coming into the market soon. Look at the bollinger bands we are once again starting to climb that top band and for tonights daily close its looking like we are going to be closing directly ontop of here opening the door for an explosive move to the upside likely shredding through these resistance levels! The MACD, we just had a bullish cross a day ago and we are already seeing a very nice increase in our green bars on the histogram, this is exactly what we want to see and shows us the bullish momentum is growing! The MA's right away are giving good separation showing once again some big momentum coming and the more we see the blue move away from the orange the less likely we are to have a near term bearish cross, this also allows price action to have a couple red days for a cooloff without triggering a bear cross! Not the Squeeze momentum indicator, we are only on our first day of green bars on the histogram and this is a great sign that could showing us that a big run is on the way for ETH and the alts, since we are already significantly up on the month against BTC this is a very good sign considering we are only on the fist day of a possible bullish squeeze! The big part about this indicator is the squeeze release which is shown by the black crosses turning white, in this stage price action gets an explosive move to the upside and it is quite possible that we see an extended bull squeeze or even a double cycle bull squeeze! So stay tuned as i continue to update yall! Not financial advice just my opinion!
Long
by JacobR905
Daily ETHBTC UpdateETH is showing new strength over BTC. We can see in the chart that ETH has been in a consolidation phase with BTC since its high back in May of this year. If we see a break of this consolidation to the upside the measured move will take us all the way up to the 1.414 Fib level at 0.13 BTC. In relative terms that would mean if BTC were to double in value then ETH would 4X. So if BTC was to move from $60K up to $120K, then ETH would go from $4.5K to $13.5K. Currently, we are still in the consolidation zone and we can expect resistance as we approach the upper trend line. RSI is rising to support the upward move but volume is still low. We'll need to see volume increase if we are to see a breakout to higher levels.
by marcusdw1
ETH/BTC About to Explode! Taking a look at Ethereum VS Bitcoin we have been following by second scenario path (yellow) pretty accurately actually and we are now facing a little resistance coming from the 0.0733 level but i don't think it is going to hold up, i expect us in the coming days to blast through here and continue to outperform BTC. The reason being is due to my outlook on the bearish looking BTC dominance and because over the past almost 3 weeks we have been seeing sideways movement which builds up momentum and i would say there has been a lot of accumulation going on this past 3 weeks, all bullish signs and definitely a momentum builder! If we do see a explosive breakthrough of the 0.0733 level we will be ending up right ontop of that top bollinger band which is a huge deal, we could see a huge run after grabbing onto this band and since we did see big sideways movement our BB's have been squeezing a bit ontop of price action which tells us an explosive move looms, doesn't indicate which direction but with everything i am seeing i think we can expect it to be to the upside! We also have the midline as strong support which is always good and adds a little cushion for Ethereum! The MACD looks super bullish we are just coming off of our red cycle with the Histogram declining day by day all the way to the current spot at the midline and now we await a breakthrough into green territory. we want to see an increase in each green bar showing strength on the bulls side, we are also awaiting a bullish cross which is plays into confirming this, we gotta see a good initial move with the blue MA taking off from the orange creating lots of separation lessening that chance of a near term bear cross. The Squeeze momentum indicator, we are currently still in a bearish stage but i don't think it is leading anywhere we are seeing flat and decreasing red bars which is a good sign for the bulls, it is highly likely at this point we will not see a bearish squeeze release, i believe the current red cycle is due to the slightly declining and sideways movement on price action. I think its just a matter of time before we see a push up into the bullish squeeze territory and honestly i think our current spot is very bullish and actually could be better that we are still in this red phase, reason being is that we could have an explosive move on the bollinger bands and the MACD pushing price action up high and then for our SMI we will only likely just be starting a bullish squeeze which could give us a sort of double pump effect, of course once we get to that point we have to see confirmation on the histogram with increasing green bars everyday. Not financial advice just my opinion!
Long
by JacobR905
ETHBTC Detailed AnalysisOn this chart I have used Fibonacci Circles and the Gann fan tool to create trends and alignments that only are seen when using these tools The key takeaway from this in short, is the trend alignment along the bear circle and the bull circle, placing the current bull formation directly above it Also, using prior dates regarding bear run beginnings and bullruns we can hypothesise the end of the current run Which I place around mid 2022 Obviously I believe ETHBTC will not just hit, but smash the ATH with force before this time
Long
by Bixley
ETHBTC still some way to go• ETHBTC has been in an upward parallel channel since early 2020. • ETHBTC temporarily broke out of this channel during Phase 1 of this bullrun. • Cup and handle being formed, lining up nicely with 1) ETHBTC as at peak of 2017 bullrun, 2) ETHBTC peak during Phase 1 of this bullrun, and ETHBTC phase during the mid-cycle consolidation phase. • Trade other alts for ETH when - 20W MA closes over 21W EMA - ETHBTC closes above 8W MA - Weekly RSI >70% - Cup and handle pattern completes • This will probably be end-2021 or early-2022.
by AlphaBravoCharlie77
5
Daily ETHBTC UpdateETH continues to hold the short term up trend against BTC. I've zoomed out on this chart to show what my long term thesis is for this relationship. We have been in a long consolidation pattern (triangle) which I'm viewing as a continuation pattern of the up trend for ETH over BTC. An approximate price target measure from the flag poll would see ETH being worth around 0.13BTC (almost double where we current sit). This just happens to also sit right on the 0.786 Fib line. Time will tell as we first need to see ETH break out of this consolidation to thee upside in a timely fashion.
Long
by marcusdw1
#ETHBTC is likely to pump 20% . Here's Why!Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. ETH Broke out of the channel and is currently retesting the resistance turned support. I expect two scenarios here. Either we start pumping from here or ETH can retrace a bit to the .062BTC level from which I expect a good rally. Target will be .075 BTC to .08 BTC which is the upper channel resistance level. This chart will be invalidated if we break below the lower support trendline. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE




Long
by Cryptorphic
4
Ethereum Looking very Bullish!!A little bit ago i posted a TA on ETHBTC and we were trading inside of this descending wedge which is a very bullish pattern and i talked about seeing an upcoming breakout and that is exactly what happened! We are starting to gain some nice momentum coming out of this falling wedge and we are coming up on some very important daily closes for ETH against BTC! We are getting a little stuck right underneath this resistance line at aprx 0.0714 and the reversal pivot point just above there, if we can successfully see a strong push above both of these levels at some point soon we can expect Ethereum and altcoins to really start to move, a close above the pivot point in the coming days is key for us, we will likely see a reversal back into an uptrend coming out of our current short term downtrend. Looking at the bollinger bands we have regained a crucial level and that is the midline on the bands, we definitely want to stay above here and keep this level as support and this opens up the window for us to keep moving strongly upwards and eventually getting to that top band, whenever we see price action up and around the top band there is a high chance we grab onto it and go for a big move to the upside, but that'll be for a future TA as we got some work to do before we see that happen. Now checking out the RSI, we have slightly broken up and above the midline after remaining below in a confirmed short term downtrend for a week or two, we want to make sure to hold this level and even see a retest and be successful before really jumping the gun, but personally i think we are going to see at some point soon some big rallies in the overall crypto market, i believe its just a matter of time everything all around is looking pretty great and if you havent already i highly suggest checking out my recent BTC.d divergence TA's! There is something huge coming! Not financial advice just my opinion!
Long
by JacobR905
Ethereum ready to take off!!?Looking at Ethereum vs Bitcoin we see a clear descending wedge which is very bullish in itself and as you can see to the left of our current wedge we had another descending wedge which blasted us upwards once we brokeout. Think we are looking very good overall and wouldn't put it past ETH to pull this off again! We have a very heavy support area below us shown by the rectangle, we have the pivot point which acts as support and then aswell as the bottom of the wedge which is also support, on the other hand though we do have a fair amount of resistance above us, the top of the wedge, the 0.2 FIB level, resistance at 0.0741 sats and then the R1 resistance. the beauty of this and the positive is the fact that we have had quite the correction and cooldown across the whole market and plus once we do start to see bullish momentum it is going to be explosive, plus don't forget the very bullish pattern we are currently in, once we start to take off i would say we can most likely easily blast through most of these levels because they are so close, and i would expect us to reach the R1 level before we start to see some pushback from the bears, even at that point though i think we could shred right through there after a couple attempts at the level. Looking at the MACD we are seeing a steady decline in the red bearish bars day after day and thats exactly what we want, bearish momentum draining out and giving the bulls that chance to really takeover. On the MA's we are seeing them getting pretty close together which is a good sign, meaning we are getting closer to a bullish cross, however there could still be a couple or few more days of decline due to the fact that the blue MA is slightly turning to the downside. The Wavetrend overall looks great, we are nearing the bottom zone which is the buy zone and we are seeing what looks like a sort of bottom out from this downtrend wave, like i said with the MACD we could still see a bit of a decline on the wavetrend but i really doubt we go much further, we want to keep an eye on those red crosses and as you can see we are pretty close to getting them underneath our wave to start giving us that push back up! Not financial advice just my opinion!
Long
by JacobR905
BITCOIN - Time Start Rising Faster Than Ethereum?🧐ETHBTC chart is at major resistance... with a second major resistance right above it. This can mean 2 things: - Bitcoin starts rising faster than Ethereum from here (today we can experence BTC in the green and ETH in the red) - Ethereum starts dropping faster than Bitcoin Most likely the first scenario is on and it makes sense to me that Bitcoin will rise higher (the new hedge, safe haven, finite product, desired by many, including the Big Whales and the Huge Funds), whereas Ethereum might lose some momentum while it's competitors take a piece of the smart contract pie (Cardano, Polkadot, Solana, Avalanche and many more). You guys like it? Share some comments. One Love, the FXPROFESSOR
by FX_Professor
13
ETHBTC Explosive Breakout!ALTseason could be upon us, ethereum just had a beautiful breakout against BTC out of this descending wedge! We are currently facing some resistance at the 0.2 FIB but we did have a nice wick pretty well above here! We notice on the MACD we are in and out of a bullish cross and we gotta look for separation in the MA's once the bull cross happens, we need to see that momentum pick up, also the histogram looks great we are coming to an end with the red cycle and we are very close to breaking into that bullish territory, we want to see increasing green bars each day! Now checking out the bollinger bands, we are looking very good our current candle has touched the top band which is always very bullish and if we see this continue im sure we are going to melt up pretty hard, we do have some light resistance halfway through the 0.2 FIB and im sure if we take a ride up the bollinger bands it'll take us right there! Not financial advice just my opinion! ps. very important that we get a daily close above the 0.2 FIB, then we will be looking mega bullish!
Long
by JacobR905