ETHEREUM TO $2400 BY END OF JANUARYLEFT:
Forecast for ETHBTC going forward, forming parabola - looking to reach top of growth channel around 1/29 at about .067.
RIGHT:
Forecast for ETHUSD is to test the upper limit of the upper channel around the same time as ETHBTC reaches the top of its channel. About $2375.
The way I QC these ideas is by running the math and seeing what Bitcoin's price would be around that time:
$2375 / 0.067 = $35.4K (BTCUSD)
Given that Bitcoin is trading sideways in somewhat of a downtrend / consolidation holding period this is looking pretty nice.
Let's melt some faces Ethereans.
Yacht szn.
-EK
Ethbtclong
ETHBTC Parabola - 0.064 by END OF WEEK!?Seeing parabolic rise in ETHBTC
This would roughly translate to $2375
Look out for high breaks in ETHBTC as 3 year downtrend has been broken and ETHUSD is in price discovery.
I do think $2400 is in the realm for price action for Ethereum by the end of this week (~~January 23).
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 ZOOM OUT!!If you zoom-out, ETH has been consolidating for 1200 bars, and we about it's close to breaking out.
bitcoin dominance is weak .. so SEND IT TO MARS!!!
We will see $3K/$4K this year.
If u like my idea want to make more, make sure u hit that like button <3
for ETH/USDT pair check out my previous update
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
ETH looks ready to grow against BTCTake a look at the 4-hr chart for ETHBTC. Looks like we're in the process of building out sweet bull pennant. You can see my projections on the chart. Let's see what happens as things keep getting more and more volatile. Good luck everyone and trade safe. This is just my idea and not financial advice, of course.
$ETH / $BTC LONG | 332% Gain 12.52R Bull Market TargetBINANCE:ETHBTC
Genius Season. Long term HODL till the end of the this bull market cycle. Two scenarios:
1) ETH/BTC continues to consolidate, orders get filled and then ETH continues to run and out perform Bitcoin.
What would negate our entry is a new lower low hence the stop loss.
2) ETH/BTC breaks above 0.037562 sats starts it's pump and can load up on a retest of this S/R flip (unlikely if a pump) or enter upon strong volume and pay attention to lower time frames for momentum
Entry - 0.028176
Stop - 0.020686
T1 - 0.069962 sats
T2 - 0.121923 sats
ETHBTC bulls!!$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
Ethereum resistance broken and we're heading towards 0.61 FIBEthereum resistance broken and we're heading towards 0.61 FIB
Ethereum is heading towards 800 dollar per ether (the 0.61 Fibonacci retracement) which will go faster and faster the retesting from there.
I would say that i also have seen a reverse in the eth/btc which is bullish for all the altcoins.
Good luck and have a safe risk management.
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
ETHBTC long once it stops trolling usETH sat just outside its trendline here, it doesn't look great but also fairly indecisive, and when ETH reverses it just melts. MFI is really very oversold on daily and the bullish trend since September 2019 is still intact.
Looking for a wick towards the support marked in green, which is the consolidation which preceded the move to 0.04; if ETH reclaims the range low at 0.0268 then I think we could see a quick move to the highs and possibly beyond. Failure to reclaim the range low and price subsequently moving lower through the support zone would lead me to reconsider the position.
Ethereum - January 2021 Breakout & Possible ATHWith the entire alt-coin world stuck trading sideways while Bitcoin goes looking for NASA's Hubble telescope, alt-coins holders are wondering: "when will it be our turn?"
We can look back to Dec 2017 where Bitcoin hit its previous ATH @ $19.7K to determine when Ethereum (and co.) got their shot: a month after Bitcoin took off.
The similarities between ETHBTC then and now are oddly similar:
During Bitcoin's Dec 2017 peak, ETHBTC sat at .0265
During Bitcoin's Dec 2020 peak, ETHBTC sits at .0265
Where did ETHBTC go from there?
It gained 300% over the next few week to a tick under .1 (i.e. 10%)
BINANCE:ETHBTC during prev BTCUSD ATH
imgur.com
I don't believe we see gains quite like that, but even a rally to the top of the 2020 ETHBTC growth channel would bring ETHBTC to .055 (i.e. 5.5%).
Note: the slope used in the current ETHBTC is really close to that of the 2018 rally, and matches the bounce from the bottom of the 2020 channel.
current BINANCE:ETHBTC
imgur.com
If we believe BTCUSD is to see a ~30% pullback from its peak of $24+K, we should see Bitcoin around $17K-$18K.
We can then calculate where we see ETHUSD using this ETHBTC forecast.
Example:
Bitcoin @ $18K
ETHBTC @ 0.055
Ethereum @ $990
WIth that, I do think Bitcoin and ETHBTC have good chances of being higher than $18K and 0.055 respectively; and it's only proportionate that with Bitcoin outpacing it's previous ATH by ~25% that the other coins would as well.
I think an Ethereum ATH is on the table for January (disregarding all of the bullish news - ETH2.0, ETFs, CME, Microsoft, etc.)
I'm an idiot sandwich don't listen to me. None of this is financial advice, IDK what I'm doing and neither do you.
- EK69420