Ethbtclong
ETH/BTC - Touching the bottom, good entryETH/BTC - Touching the bottom, good entry
Hey everyone, its been a while. I do hope everyone is doing superb with bitcoin hitting the $10,000 USD mark/resistance. In my books, I consider the bull run confirmed if a candle closes above 10k on the weekly. Anyways, I will be posting multiple trades I am personally entering on trading view. So to all my followers enjoy the free signals but please do remember enter at your own risk as this is not financial advice. Stay tuned for updates.
Exchange : Binance | Altcoin Trading
Trading Pair : ETH/BTC
Position : Long
Leverage : N/A
Approx Risking: 7%
Approx Reward: 28%
Risk/Reward: 3.99
STOP LOSS: 100% @ 0.024568
Approx Entry AVG: 0.026424
Entry 1: 1x @ 0.028952
Entry 2: 2x @ 0.028122
Entry 3: 6x @ 0.026802
Entry 4: 18x @ 0.025678
Approx Exit AVG: 0.033829
Exit 1: 25% @ 0.031322
Exit 2: 25% @ 0.032446
Exit 3: 25% @ 0.034401
Exit 4: 25% @ 0.036649
Reasons to enter (Prioritized from most to less important):
1. Bitcoin is surging Ethereum is bullish but still undervalued
2. Descending Triangle
3. Staggering all the way to the next level of support
4. Support should hold until end of triangle
5. we are reaching the bottom of the market
6. Will be over sold on the daily RSI
ETHBTC Longterm Ratio BreakoutWe have an excellent setup now looking at the ETHBTC ratio. Falling wedge pattern indicates a potential incoming breakout with a solid bottoming pattern on the monthly. Clear swing failures below the .028 level with long wicks indicating heavy buying potential in those areas. ETH tends to follow or lag BTC's moves, and as we know BTC has broken from it's own falling wedge in recent months. On the downside, if we see one more swing lower, we're looking at a bottom around 0.02. It's likely going to depend on how BTC performs in the coming week(s), whether it tops out and money moves into alts or it continues to rally hard back to 20k and beyond.
Solid place for a long, looking to pickup any swings below .028. July seems poised to be a profitable month for the longs trading the ETHBTC ratio.
ETHBTC Long Term Best Opportunity - Crypto Technical Analysis.ETHBTC Long Term Best Opportunity - Crypto Technical Analysis.
As I Mention on the chart that the ETHBTC is Holding Its previous Resistance right now which act as support.
ETHBTC looking very nice for Long Term.
Risk 20%, Reward: 300% Very Good Ratio
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View,
ETH/BTC LongThinking as BTC hangs around $9.1k, alts will begin to pump. I believe ETH will be one of the high-caps that pumps to push ETHUSD to $300+.
Short-term Target: 0.03160
Long-term Target: 0.03555
Just my thoughts, not yours, do as you please. Not financial advice.
ETH/BTC strong incentive to go longETH/BTC has just reached strong resistance level in 0.031 area, which is very strong incentive to go long to 0.035 level.
According to Mati Greenspan, a Senior Market Analyst at eToro explained that Bitcoin dominance is falling and that altseason is “upon us.” Bitcoin’s market dominance is falling in the past days as we can see in the chart.
In just three months, several altcoins were able to register impressive growth. The gains show that there was an interest to move away from Bitcoin to other altcoins.
And as Bitcoin traded sideways, participants in the market had confidence in the altcoin market.
Therefore, it is a great chance to jump into altcoins train and go along with ETH.
Risk/Reward ratio - 4.81%
Stop Loss - 0.031 or below 0.031 (depends on your tolerable risk level)
Take Profit - 0.035
Trade wisely and best of luck!
Ethereum - Completing a 2 Year Triangle, Get Ready!Taking a look at the daily ETHBTC chart, we can see that Ethereum has been trading in a triangle since June of 2017. The price action is nearing the end of the triangle, which could mean incoming volatility if we can get a breakout above the solid pink resistance trend. The price is flagging at the moment. I have my buy order ready above resistance in case we break out. If we don't, the dotted support line would be a great place to scoop up some cheap ETH before retesting resistance again. This is a massive triangle. Given the .15 triangle height, we could have a long-term target of .18.
LONG ETHBTC Latest technical Analysis 220% Target projection.I have Explain Each and Everyone thinks on Chart Read Chart properly and Make Decision.
Note: This is only for Educational Purpose this is not a piece of Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
LONG ETH/BTC Finishing up ABC Corrective Wave 2ETH/BTC seems to be forming a 3-day span double bottom @ 0.02785. Combined with a Bullish Divergence , this is symptomatic of a 5th wave down(5th subwave > 3rd wave down of wave C). I would like to see a volume infused bounce from here to form the 4th wave up.