ETHBTC showing upside to come to 0.08 due to W and TriangleW Formation has formed on the ETH/BTC pair.
There is also an Ascending Triangle, with higher lows and same highs.
We are near the neckline where the price is quite likely to break up and out of.
We have other signs like
7>21 MA
Price>200 MA
RSI>50
Target is for the ETH/BTC to head to 0.08
For those that don't know how it works...
HOW ETH/BTC works
ETHBTC is a trading pair similar to Forex pairs.
With crypto, it represents the exchange rate between Ethereum (ETH) and Bitcoin (BTC).
And as always with trading pairs, there is a primary and secondary coin.
The primary (Ethereum) is how much 1 unit of ETH can be exchanged for a certain amount of Bitcoin.
ETH/BTC
1 / X No. bitcoins.
Right now, the current ETH/BTC exchange rate is 0.06.
This means, 1 ETH is worth 0.06 BTC.
Or conversely, we can see how much 1 BTC is worth in ETH.
To do that we divide the two.
BTC/ETH = 1/0.06 = 16.66 Ethereum per Bitcoin.
ETHBTC works based on the principles of supply and demand in the cryptocurrency market.
The exchange rate is determined by the ongoing buying and selling activity of traders on the exchange platform.
When there is more demand for Ethereum relative to Bitcoin, the ETHBTC price tends to rise.
Conversely, if there is more demand for Bitcoin relative to Ethereum, the ETHBTC price tends to fall.
Right now we can expect the ETH/BTC to go up, which means Ethereum will mostly likely strengthen in the near future compared to Bitcoin.
Hence I expect the price to go to ETH / BTC = 1: 0.08.
Ethbtclong
ETHBTC - Altseason is starting?My expectation is that the alt season has started but it won't last long. Growth will be but not for all coins.
My recommendations:
Do not buy old projects 2018-2020
Give preference to new projects 2021-2023
Place take profit with a ladder
When the price ETH\BTC reaches 0.75-0.77, reduce the positions to 80%
The information provided here is for informational purposes only and should not be considered as financial or investment advice.
ETH/BTC - Ethereum: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the CRYPTOCAP:ETH / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.066486 | 0.068992 | 0.072769, and the major support zones can be found at 0.062709 | 0.061438 | 0.057661. Consider entering a trade at the current price zone of 0.06616 and targeting higher levels.
◰◲ General info :
▣ Name: Ethereum
▣ Rank: 2
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Ethereum is a distributed blockchain computing platform for smart contracts and decentralized applications. Its native token is ether (ETH), which primarily serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens within the decentralized finance (DeFi) sector.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.06616 ₿
▣ 24HVol: 4,456.371 ₿
▣ 24H Chng: 0.994%
▣ 7-Days Chng: 2.69%
▣ 1-Month Chng: 3.04%
▣ 3-Months Chng: 19.03%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.066486 | 0.068992 | 0.072769
◢ Support: 0.062709 | 0.061438 | 0.057661
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.07
▣ Last 90D: 1.20
▣ Last 1-Y: -0.05
▣ Last 3-Y: 1.26
◲◰ Volatility :
▣ Last 30D: 0.55
▣ Last 90D: 0.56
▣ Last 1-Y: 0.82
▣ Last 3-Y: 0.90
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.69 - Bullish
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.54 - Bullish
▣ In-depth ETHBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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ETHBTC can only see greenI think CRYPTOCAP:ETH is very bullish right now and bitcoin is strong but slow, i think the adoption cycle will be faster for eth and the price will form a v top with a new price discovery ATH.
I think that the bottom is in on that graph: www.blockchaincenter.net and will go for the altcoin season, so now is a good time to buy.
this is just an idea, not financial advice.
Do your own research,
ETHBTC hitting monthly support, likely to bounce from this zoneETHBTC is hitting monthly and weekly support level. This zone should be a good place for it to bounce. There is another weekly support sitting here in case this one fails but I think this is already a good zone for bounce. It is possible that the price might spend some time inside this zone before it starts upward movement.
$ETH/#BTC [#Ethereum]: BBand_Breakout Super-TrendOn the $ETH / $BTC chart, we can see a Bollinger Band breakout and a Super Trend pattern. Both indicators are indicating a bullish trend, with the Bollinger Band indicating a probable positive trend as the price has moved outside of the upper band and the Super Trend indicating a bullish trend. Because both indicators are in sync, this is a stronger bullish indication. To buy at the current price range and aim for higher levels would be a solid option. Our analysis indicates that the key resistance levels are at 0.07182 | 0.074091 | 0.077744 and the major support zones are at 0.068167 | 0.066785 | 0.063132.
Technical Metrics :
Current price: 0.070043
24H Volume: 5,814.8958 Ƀ
24H Price change: 2.139%
- Pivot Points - Levels :
Resistance: 0.07182 | 0.074091 | 0.077744
Support: 0.068167 | 0.066785 | 0.063132
Indicators recommandation :
Oscillators: NEUTRAL
Moving Averages: STRONG_BUY
Technical Indicators Summary : BUY
- In-depth ETHBTC technical analysis on > Tradingview TA page
What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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$ETH/#BTC [#Ethereum]: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $ETH / $BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.07052 | 0.071285 | 0.072712, and the major support zones can be found at 0.069093 | 0.068431 | 0.067004. Consider entering at the current price zone of 0.073169 and targeting higher levels.
◰◲ General info :
▣ Name: Ethereum
▣ Rank: 2
▣ Exhanges: Binance, Kucoin, Gateio, Poloniex, Huobipro, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Ethereum is a distributed blockchain computing platform for smart contracts and decentralized applications. Its native token is ether (ETH), which primarily serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens within the decentralized finance (DeFi) sector.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.073169 ₿
▣ 24HVol: 7,882.692 ₿
▣ 24H Chng: 2.129%
▣ 7-Days Chng: -2.72%
▣ 1-Month Chng: 0.58%
▣ 3-Months Chng: 19.33%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.07052 | 0.071285 | 0.072712
◢ Support: 0.069093 | 0.068431 | 0.067004
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -0.68
▣ Last 90D: 1.49
▣ Last 1-Y: -0.26
▣ Last 3-Y: 1.18
◲◰ Volatility :
▣ Last 30D: 0.52
▣ Last 90D: 0.52
▣ Last 1-Y: 0.82
▣ Last 3-Y: 0.97
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.65 - Bullish
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.59 - Bullish
▣ In-depth ETHBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
$ETH/#BTC [#Ethereum]: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $ETH / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.070435 | 0.071187 | 0.073333, and the major support zones can be found at 0.068289 | 0.066895 | 0.064749. Consider entering a trade at the current price zone of 0.069897 and targeting higher levels.
◰◲ General info :
▣ Name: Ethereum
▣ Rank: 2
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Background details for N/A project are currently unavailable.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.069897 ₿
▣ 24HVol: 4,639.447 ₿
▣ 24H Chng: 1.171%
▣ 7-Days Chng: -3.93%
▣ 1-Month Chng: 4.07%
▣ 3-Months Chng: 34.58%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.070435 | 0.071187 | 0.073333
◢ Support: 0.068289 | 0.066895 | 0.064749
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.18
▣ Last 90D: 2.50
▣ Last 1-Y: -0.24
▣ Last 3-Y: 1.16
◲◰ Volatility :
▣ Last 30D: 0.54
▣ Last 90D: 0.52
▣ Last 1-Y: 0.83
▣ Last 3-Y: 0.97
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.68 - Bullish
▣ Twitter sentiment score is 0.52 - Bullish
▣ Reddit sentiment score is 0.57 - Bullish
▣ In-depth ETHBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
ETHBTC - After Rejecting the Downside, We've got an Upside!ETH and BTC have quite closely correlated over recent times, with the price somewhat consolidating in this ever-tightening wedge formation. This wedge is coming to a close soon, but there's still time to profit from a few more swings!
We've received a Buy signal from CTv2 shortly after the price tested and was rejected by the lower trend line, this should indicate a move to the upper trend line - total profits of well over 5%, not bad for a few days!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Ethereum (ETH) formed a bullish Gartley | A good buy opportunityHi dear friends , hope you are well and welcome to the new trade setup of Ethereum coin.
Previously after crossing the 1st target the price moved down:
Now on a daily time frame, Ethereum with BTC pair has formed a bullish Gartley move for another pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ETHBTC - Broken Above Symetrical Triangle!We've got a significant break upward with ETHBTC at the moment - breaking out of this symetrical triangle it's been trading within for the last few months. With a Long signal from Crypto Tipster v2 last night we're already seeing gains of a few % in just a few hours!
Get your SL in at just under the most recent tradinf range, around 0.071 and watch this rise up to meet the most recent swing high, grabbing around 8 or 9% profit.
If you enjoyed this idea, agree or indeed disagree - drop us a comment, like & follow! :)
$ETHBTC 1HR Major Trendline ResistanceEthereum/Bitcoin is testing its major trendline resistance after 2 weeks of rejections and now a 5th attempt to break is really trying hard.
This goes hand in hand with the 1D/3D support trendline that it needs to hold. A break here would signal a support hold on the HTF, while a break would be, well, ugly.
Lot of recent choppy price action in the area where the breakout could be headed, so its a bit of a tossup. Break back down and .0675 should be a key support.
ETHBTC Prices May Float to 0.076 BTCPast Performance of #ETHBTC
There was an ETH price expansion early this week, but bulls were muted on May 3 and 4. However, BTC is trailing the BTC following encouraging surges on May 1 and 2. ETH bulls would likely build on the bullish engulfing bar of early this leg, setting the foundation for an expansion above April highs of around 0.076 BTC.
ETHBTC Technical Analysis
As per the ETHBTC technical analysis in the daily chart, ETH buyers are in the driving seat. Prices recovered from the 38.2 percent Fibonacci retracement level of the April 2022 trade range. The recovery, backed by rising trading volumes on May 1, triggered demand. There is a possibility of ETH bulls finding support in the immediate term. However, this is subject to ETH bulls rejecting any attempt for losses below 0.072 BTC. As it is, traders can load on every dip, targeting 0.076 BTC. A break below this week's low, on the other hand, may see ETHBTC crater to 0.070 BTC, the 61.8 percent Fibonacci retracement level of the same trade range.
What to Expect from ETHBTC?
ETH buyers have the upper hand at spot rates. Still, if there is a crypto correction, Bitcoin bulls may flow back, driving prices below the primary support at 0.072 BTC.
Resistance level to watch out for: 0.076 BTC
Support level to watch out for: 0.072 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.