Ethbtcforecast
ETHBTC Butterfly MA bounceBecause it looks like a butterfly.. Plotting potential movements of MA's on the ETHBTC pair. A 'scythe' pattern can be identified on the weekly chart, a bullish continuation pattern. This pattern tends to be more successful on larger timeframes, as with most patterns. A strong support level can be seen to have reached on the daily chart, potential upward movement in the coming weeks is likely.
ETHBTC analysisMultiple chart patterns present, including symmetrical triangles, bullflags, bullish W. All three bullish chart patterns. An initial symmetrical triangle can be observed followed by a bullflag, following another symmetrical triangle. Included possible pathing within the second symmetrical triangle, but honestly as long as it stays within the triangle we're good. Looks very bullish.
[ETHBTC] SWING PLAY - MORE THAN 74% ROI POTENTIALETHBTC has decent accumulation phase more than 3 months.
Highly possible it can accumulate more.
But Elliot Count show me that there is good R:R trade here.
My entry: 0.019979
Stop: 0.016744 (16.1%)
Target: 0.034879 (74.77%)
R:R: More than 4.6
Trade Duration: Should resolve in 2020
This is not a financial advice. Trade application for elliot wave theory.
You can also see my other trades that almost hit my target here:
And other one:
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ETHBTC Falling wedge formation BINANCE:ETHBTC
On 1H time frame, falling wedge pattern could be seen forming.
The 3rd touch could end as a double bottom, as seen currently, with an inside bar pattern formed on the 4H time frame
On the DAILY time frame, price has retraced past 0.786 fib level and is closing in on 0.886 fib level,
while approaching a parallel channel trend line, this has been the only candle closed in green over the course of 10 days
Though price has moved under a nearby monthly close and weekly close, a move back above these lines will indicate more bullish momentum to come for ETH/BTC
ETHBTC Falling wedge formation, breakout retest?Currently price has broken out of the previous trend line for falling wedge like formation and has attempted a retest.
However, price remains bearish unless there is a strong price action indicating buying pressure and a push above the weekly close level
ETH/BTC DeathcrossLooks like a death cross to me, sitting above the downward trend line, death cross may push price down to this trend line and form a new support. Also making consistent higher lows, which is a bullish sign. Sentiment looks mixed imo at the moment. Give me some coins you would like to see!
ETHBTC formed bullish Gartley | A good long opportunityPriceline of Ethereum / Bictoin has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this area.
We have a strong support of 100 simple moving average beneath the PRZ level.
I have used Fibonacci sequence to set the targets:
Buy between: 0.021817 to 0.021624
Sell between: 0.021968 to 0.022332
Regards,
Atif Akbar (moon333)
ETHBTC has formed a bullish CRAB | Upto 155% expectedPriceline of Ethereum / Bitcoin has completed bullish Crab pattern and entered in potential reversal zone.
RSI is oversold.
Stochastic RSI is oversold and likely to give bull cross soon.
Price action has hit the lower band of Bollinger bands after Sep 2018.
Volume profile is showing weak interest of traders.
But MACD is still strong bearish, for secure trade we can wait for the MACD to turn weak bearish from strong bearish.
I am expecting a bullish divergence from this potential reversal zone soon insha Allah.
I have used Fibonacci sequence to set the targets:
Buy between: 0.019999 to 0.014045
Sell between: 0.024629 to 0.035823
Regards,
Atif Akbar (moon333)
ETHUSD has formed a bullish shark a good long opportunityThe priceline of Ethereum / Bitcoin has completed the formation of shark pattern and entered in potential reversal zone.
Fibonacci sequence is used for setting the targets and the targets are as below:
Buy between: $223.64 to $222.37
Sell between: $225.38 to $228.57
Regards,
Atif Akbar (moon333)
Worst Case Scenario for ETH/BTC Pair!!!This could be one of the scariest scenarios for ETH, according to TA a descending triangle projects a target measured from the top of the triangle down to the base. That distance measured, is subtracted from the base down to the projected target. If this descending triangle does come to fruition, ETH could drop down to ~0.0038 sats...