Ethbtclong
ETH/BTC (Prj.Y19.P2.E8).Macro.Bullish signsHi All,
Recently I came to a new understanding on RSI and MA and how one can trade with this indicator.
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I have leveraged others scripts and created my own RIS_EMA\MA indicator, soon to be share out, so watch my space for this.
I believe others have done this but I feel a cleaner job can be done.
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Using Fib Fan and support\resistance lines + trending, I believe there is a clear formation taking place at the macro level.
It wouldn't hurt with the Istanbul release as well.
As you can see on the 4 Hrly chart, there is a regular bullish divergence in place and soon to break out.
This could either mean BTC is about to drop or ETH is about to take off.
Also you can also see based on this hypothesis, ETH on the MACRO level (against BTC) is creating a potentially large bullish Pennant.
Note on the 1 HRLY chart, this correlates to the 0.618 retracement level.
Conditions:
If the RSI on the DAILY passes the 200 sma\ema on the RSI\SMA chart, then the signal is there.
One also requires at least 1 day candle stick to open and close above the 200 RSI\SMA indicator level.
Look at the 4 Hrly and Daily chart, look for a large engulfing candle with a inverted hammer at the key level to get the entry going, ready to buy long (maybe a morning star)
It already looks like a reversal pattern with the Candle sticks is taking place.
Please give a thumbs up or a like if you agree or just appreciate the effort.
Regards,
S.Sari /CryptoProspa
Daily Chart, note how the RSI also supports the pennant formation.
4 HRLY chart
1 HRLY chart
FYI Candlestick detector >
Bullish break imminent on 2-year falling wedge? Along with BTC.D, ETHBTC is the best indicator for likelihood of altseason
The last two years we've seen a year of altcoin weakness against USD and BTC
The past year we've seen altcoin weakness against BTC
Sentiment on altcoins is rather low right now, most of the moonboys and fomocrowd have been washed out
Prime conditions for an altseason.
If it's anything like the last previous mini altcoin-stength periods, alts have tended to run before BTC confirms, are we about to see some altcoin gains with bitcoin following?
Else expect continuation of altcoin weakness.
With that said, BTC.D can't climb forever.
Altcoins can't stay weak forever.
Fomo has thus far been stronge than fear in crypto
Coins pump harder than they dump
Long-term it makes sense to have some altcoin exposure.
ETHBTC Ethereum: The Next Chapter 2.0, Defi, Money, FutureAs Bitcoin continues on in the $10K $15K $20K range, investors will be enticed by the lower more reasonable "whole" numbers they're able to secure with Eth. Sh*t coins will pump first (as we have witnessed the passed couple of weeks). Then flood into Ethereum for the big 2.0 blast. Realistically more TA based, than fundamental, but speculators and whales both enjoy pinning the reasoning to the pump!
Eth is undervalued against BTC. If BTC is successful, Eth will be too at much higher ratios than we are seeing today.
We'll see you on the moon. Not trading Advice. Not the real moon, the theoretical financial peak so called moon. Please keep all hands and feet inside the craft.
See chart for prediction and notes. Secured hodl bags already, this is for a long position.
Thank you.
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)
Beautiful upward Curl on ETH suggests a huge PopOn the last analysis I left for ETHBTC pair, I didn't really have much of an idea of whether the market was going to dip, and if the market would have dipped, the alts will generally take a bigger blow than BTC. This theory was the backbone of my previous analysis, however, the last price point was successfully defended.
The Chart:
The price action is just accumulating through the resistance which is an extremely bullish sign as there should be a lot of selling occurring in this region, however, there is very little occurring. Each time price drops, it tags the 21 MA and resumes its crawl up. Volume is low, however, its increasing as price moves through this resistance area. The RSI which was noted in the last analysis is also curling upwards, all of these are bullish signs and they are signaling for an impending move up against btc.
Previous Analysis:
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)
Wouldnt this be fun, LONG Eth My MAN!!huge market cycle fractical? looks scary the same... and I know this is hopium but dang it would be nice. I'm largely invested in low cap alts in the security token sector, primed for a break out(huge accumulation) been holding against Eth for a long time. If this eth/btc chart plays out like 2017 (or even less than) and the alts do what I think they are going to do I will have my btc value 12X on the safer side or 100X total on the dream side. of course this would be if I held 100% and sold the top.. but just to get a scope of the possible price action. Im just saying it would be nice! definitely make up for this bear market.
Be smart out there and good luck
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)