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Ethbtclong

ETH.BTC (Y20.P5.E1).MACRO STRUCTURE.TAHi, This is a continuation of the previous post on ETH.BTC pairing, link supplied below. After some time, I thought I revisit this pair to plan a strategy around the ALTs again and hopefully having a clearer idea on what's going on. The BTC dominance chart at this point is not easy to read so looking at a sample of Alts and their BTC pairing might do the trick. Those who know me understand I apply the inverted barr structure regularly and\or the bmp and run strategy along with triangle breakouts and looking for confluences with MA and Fib levels, we can see where ETH will find resistance and support. I'm not planning to put much commentary to this post as the notes on the chart do the talking. Key points to note out. a) upward channel for our current price action and the associated resistance levels, including the lead in trend line; b) MA's have mostly have taken below the current price action except for the 100 MA, representing resistance as well, along with the fib 0.618 retracement level; c) With the indicators, I have cross over of the WT trend wave and with the RSI, its ema's are looking to cross over, yet not confirmed. d) RSI f) We have a new trend line along the top area which may ( I feel confident it will) play resistance sometime next year and might take 1 or 2 attempt to pass it. This scenario can be observed on many coins including BTC; f) The yellow band in the middle of the chart is the main resistance level; Daily chart Note, low volatility and it will likely get more so. RSI structure and Phoeix in the upper quadrant, still upward side pressure; My thoughts: ============================ Someone gave a good presentation on ETH.BTC pairing on the internet where they stated, we might experience a long drawn out consolidation like we did with BTC and the 10K level. So far it seems that way. He made the point that towards that period, towards the end few weeks is where the Alts including ETH made a break to the upside and we had that Alt season; It might be the case here if BTC doesn't drop below the 18k. I should add that if price breaks the channel to the down side, the situation changes and we need to reassess. What are your thoughts, please share. Please give me a like or tick for this post. Regards, S.SAri Overview: PREVIOUS ETH.BTC post
Long
by ssari
3
ETHBTC long setupEthereum looks poised for a dominance run in comparison to Bitcoin. Fundamentally, DEFI markets have been heating up over the last week which is usually correlated positively to demand for Ethereum. the 20 & 50 ema's have been a relatively good indicator for when to enter and exit positions. So far, there has been a bullish EMA cross on the daily. Higher time frames tend to be more accurate, so as long as we don't continuously flip between long and short signals on these ema's, I will remain bullish. Additionaly, price has been consolidating within a symmetrical triangle. The confluence between these indicators lead me to believe that we are in for bullish momentum within this pair.
Long
by scuba_crypto
ETH.USDT (Y20.P4.E9.v2).Looking to go longHi All, Just posting an update of the previous post which explains a whole bunch of things. Note the key points; > Resistance inverted barr trendline, still playing obstacle; > 21 WEEKLY (red) acting as support, as per BTC; > We have not confirmed the bull run until we break that trend line; > Weekly indicators are bullish; > If and when ETH breaks this resistance trend line, it is likely that it will out perform BTC; > I updated the horizontal resistance around 500 to potentially pull back; > Yes, we had a nice ETH rally but weekly ETH.BTC chart below tells us we are not there yet. > Note the BTC dom. chart, BTC is not dropping any time soon at the macro level, while the Weekly indicators still show upward pressure (previous BTCdom post). I have it either the 200 EMA on the weekly as resistance, 67% or the 0.382 fib level These are my thoughts. Cheers, S.SAri Close up view, not the Phoeix Green RSI is above grey energy, indicating very bullish. ++++++++++++ ETH.BTC pairing weekly charts ++++++++++++ Note the following: indicators > Downward pressure however the bottom trend line acted as support. Its possible it can be restested again. Note how we broke the 21 weekly EMA (red) and found the 50 EMA as support, hence the downward pressure. Until we get back the 21 EMA on the weekly, then don't go long with ETH against BTC. At moments like this, for nice bounces, if you can catch them, great. BTC dominance chart Note the black arrows. When BTC is going bullish\parabolic, it loses its dominance. When its going bearish at the macro, Dominance goes up. This is not to say it happens all the way through, you can see the impulses where flipping makes sense. Currently most ALTs are looking for a reversal but still not there. As per ETH.
by ssari
Why I am closed ETHBTC Short? What about long position?When ETHBTC formed lower maximums it was the right signal to open the short. My strategy analyzes not just this data, but it's also very important. Today we closed our short position in profit of around 15% in BTC and BTC gave us an extra 7-9% for USD. But I hold BTC on the spot market now. So, I think that ETHBTC can go lower to test good support around 0.028600, but we need to take into consideration risks. I will be not surprised if ETH will change direction and break out resistance near 0.033 now. We don't know! The current situation does not look good for a long position, but opening or holding the short position for this pair is very dangerous now. My strategy says, that right now a good situation to try to find an entry for a long position. Let's do that! We will try to open long positions in this type of situation: 1) If 1D candle close above 0.032292 - hight risk 2) If 1D candle close above 0.033858 - average risk 3) If 1D candle close above 0.036303 - low risk The best situation will be when the BTC 1D candle will close above $13800. So if ETH will close above for example 0.032292 and at this moment BTC will break out 13800-13900, this is the best scenario. I think that ETH on the uptrend now and it will be growing faster than BTC . But we also need to follow fundamental parameters (network metrics). If ETHBTC candle 4H or 1D+ close below 0.028600, it will be a good signal for short! The next stop can be 0.026040 which is 10-11% of the profit. But we need to follow the false breakdown. So, I am waiting right now and when the right situation will be on the chart I will open long or short. I will make a post here. Just follow me and be on the right side;) P.S As you know most of the time, traders are waiting for the great situation and best result you can receive if you are integrate trading and investment approach.
Long
by UnknownUnicorn9837424
ETH.BTC (Y20.P4.E8).Looking to go longHi All, I'm keeping this short and to the point, as its about planning, having a strategy. a) Patience; Weekly chart, shows downward pressure still there, so we might drop some more moving forward. b) The chart is the strategy to find the level on when to go from BTC to ETH; c) This post does not factor in your strategy on Coins, eg. LINK, ADA, ....defi, whatever you chose, this is only about ETH over BTC; d) Chart seems to be a wedge formation, with point C and E with a bullish divergence or double bottom scenario. Hence looking for a W formation as part of the breakout; Since we have no confirmation, we need another element and hence the red band is my key resistance. If ETH breaks this, then it fits into the Wedge trading approach as well as having that fib level as well. We have many things making sense with this stucture. Hence I would wait for it to break it before moving a large junk onto ETH. Obviously you\me have to see what else is going on with the other coins. These comments and the following charts should give you a good perspective that this approach is sound. Note: If this is the beginning of the Bull market for this year and next, we must look for waves or impulses where flipping makes sense. BTC dominance chart is a key tool as well for this. Below is the current BTC dom chart. All the best, S.SAri 1 Day Chart Overview of ETH BTC pairing weekly chart indicators, 3 of them, all showing downward pressure still there, so we might drop some more moving forward. BTC dominance: Since this is based on calculation, we need to give it a day for it to correct itself, especially this wick. I have seen it before where it disappears based on the calculations
Long
by ssari
ETH.BTC (Y20.P4.E4).Macro.Fractal.Continuation structureHi, I am not taking any credit for this chart as I saw it on Twitter. However its something I will share as it gives some weight from a MACRO perspective. With the top chart, we have a weekly chart of ETH paired with BTC and at the bottom, we have GOLD price on the 2 weekly chart. The fractal aligns well so far. Let's see how this aligns in the coming weeks and months. Note the fib levels assigned to the price action. Enjoy! Regards, S.SAri
Long
by ssari