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Ethbtcforecast

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
Long
by Mihai_Iacob
1
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 =============================================================== PREVIOUS POSTS ===============================================================
Long
by ssari
2
ETH.BTC (Y20.P4.E2).Macro.Next PhaseHi All, This is revisiting the overall macro structure of ETH against BTC, and how we are tracking. OBSERVATIONS: ==================================================================== > So far, all key levels (aligned with the Fib levels) are respected; > 7 months of a falling wedge has its breakout; > 0.236 fib is acting at the main resistance, a strong resistance; > Like BTC, we expected this pullback aligned to some fib level where it also found a strong resistance and now support; > ETH.BTC already found the strong rally at the 0.382 level on the micro level; Note: I'm using ETH\XBT chart as it seems to be better aligned with the fib levels; THOUGHTS: ==================================================================== > Patience and timing is required; > Wedge strategy > with the bottom found after many months testing it, we have 3 months of bullish MACD or RSI divergence; > SP500 seems to be holding; > BTC is still expected to hold the 10k with a possible spike for a CME gap closure as its a strong buy zone, a expected one (me included); If this is the case, ETH will continue above this initial wick level; > Hence ETH.BTC is likely to hold this level which equates to BTC's weekly 21 EMA level; BEARISH SCENARIO: =================================================================== > SP500 support collapses and hence BTC breaks down as well; Its possible so caution must be made; tight stops; > On the weekly, if this happens on the RSI, breaks that weekly trend, then we have a trend reversal; bearish; Please give me a like or tick for this post; Cheers, S.SAri Weekly Chart: ==================================================================== PREVIOUS POST and set target reached; PREVIOUS POSTS =================================================================== ETH.BTC hit target ETH.USDT hit target
Long
by ssari
3
ETH.BTC (Y20.P3.E1).v4.Macro-structure.continuationHi All, This is a continuation of the previous post, link below. Just refined my targets and focus, fib levels, etc. Still HODL'ing long (but trading it to gain more ETH or BTC) FYI from time to time ETH is either more than 1/2 of my portfolio at any one time, ever since I acknowledged and made the posting about it. (refer to the below links for the history and explanations). The art to maximising your gains is knowing when to flip from BTC to ALTs, and vise versa. It is quite a difficult thing to do but if you do it, you should be able to gain much more BTC or ETH. Cheers, S.Sari PREVIOUS POSTS> JULY 9, 2020 JUNE 1, 2020 MAY 7, 2020 AS FOR OVERALL MACRO FORECAST - ONLY GUESSING with some logic
Long
by ssari
3
ETH.BTC (Y20.P3.E2).Macro.Opportunity coming soon!Hi everyone, Looking at ETH pairing, we can see from previous cycles how ETH had some bullish divergences on the 12 HRLY or Daily. Looking at this chart, we see the fib levels, macro pennant or triangle formation, support and resistance levels all coming together to tell you the story. Depending on what indicator you use and what's happening with other ALTs, ETH is another coin I'm looking at going long, this time round. This macro chart is a subset of the other post I made on ETH pairing with the inverse H & S., for the great bull run that might take 2 years to complete. Don't miss this opportunity to get the bottom. Its possible depending on bitcoin that there are two areas to enter. One must consider the possiblities that BCT might pull back a bit and hence we have the lower target entry level. ETH is gradually coming so we have plenty of time. If I don't forget, I'll try to signal it as well here. As per my other posts, note that we should look at the general markets, like the SP500 and see how that is tracking. If this is not staying strong, then its unlikely we will have a good start early. Please give me a like or tick for this presentations. Cheers, S.Sari Look for the macd crossing the signal with a higher low. Daily chart overview BTC dominance chart with agreement that ALTs will start moving soon.
Long
by ssari