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Ethbtclong

ETH.BTC (Y20.P3.E2).Short term.ABC moveHi All, In the next 12 hours, I will feel confident in making a decision on bitcoin (after 3rd daily candle closing). Hopefully it give a clear bullish or bearish sign > I will cover BTC in the next post. I am leaning to a bearish candle as we have many things going against BTC now. I'll cover this in the next post. If one is to look at ETH\BTC, it can be seen that we have some downward pressure emerging with bearish divergence as well. Hence why ETH has been dropping against BTC and what I believe is that it hit its point 5 and now is doing the ABC correction as per the chart. How this reflects or aligns with BTC doing the same is yet to be confirmed but it can be seen that on BTC, we had a doji and what looks like a BEARISH candle coming about in 11 hours. Chart below. For now, I see ETH hitting the 0.5 fib retracement on the chart and possibly deeper to 0.618. Note on the daily the 21 and 34 EMA ribbon could be the area aligned with one of these fibs. for support Meanwhile on the 4 hrly chart, we have the PHOEIX showing a turn as well as the WT and Stoch all hitting bottom, at a key fib level We'll just have to wait and see. Please give me a like or tick for this post Regards, S.Sari BTC Daily chart ETH.BTC > Note the divergence playing out.Blue EMA ribbon is the 21 and 34 on the daily Big chart Previous posts
Long
by ssari
2
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 Fractals indicate a 38% rally!Hello guys welcome to this quick setup. #ETHBTC just broke out of the resistance trendline and currently retesting the flipped Support. Fractals showing last time it happened ETH rallied almost 38%. This resistance is 106 days long. IMO this is a good time to add ETH to your portfolio. I have bought a big bag and will be holding for for few months. This isn't a short term setup, rather a long term setup. I will buying every dip if it comes. WHAT DO YOU THINK about this setup ? Do share your views in the comment section. Feel free to like this update if you agree, your likes won't cost you anything but provides me a motivation to bring moe of such quality contents for free. #PEACE
Long
by Cryptorphic
6
$ETHBTC breaks out! Huge Gann 50/50 target in sight.The ETHBTC pair made a significant move last night, after consolidating for 50+ days at and above a historically significant S/R level. Price is at February 2020 resistance (~0.028). If that breaks, expect to see a very big rally in this pair heading into October which is marked by the Gann 50/50 (half the rally taken back, in half the time #vibrationalsignature). Defi has been a huge narrative this year as "new" layer-2 protocols like Aave, LEND, Kyber etc. run wild. In this environment, it's just a matter of time until the hyper bullish narrative translates to price action on the Ethereum chart. A break and close of the .028 BTC level on this chart should really get the party started.
Long
by Randomtask555
6