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Ethbtclong

Insane Bullish Signal For Ethereum! FLIPPENING!*Disclaimer, this is not financial advice, just my opinion as a crypto enthusiast. ANALYSIS On the weekly ETH/BTC chart we have a "cup and handle" formation which is known to be one of the most consistently accurate chart pattern. PATTERN CHARACTERISTICS *The base of the cup is very smooth (rounded) rather than jaggedly or V-shaped which gives this pattern more credence. *Volume is drying up as the handle forming; reaching its presumed lows *The handle is a within range, dropping around 25% so far and staying in the upper range of the cups base. If the handle drops below 30% this makes the pattern less likely. *However this has been a very long cup and we are potentially at the bottom of this possible short bear market we're experiencing; which can cause extra weakness and shakeout, in this scenario the pattern would still be completely sound if there was a further shallow decline. TARGET *Target is calculated by drawing a line from the bottom of the cup to the top and adding that to the breakout from the handle *The breakout has not happened yet so this is still unconfirmed *Breakout should occur on strong volume and surpass the high of the cup's base ---> CALCULATED TARGET IS APPROXIMATELY 0.15 (which would take Ethereum back up to it's All Time High. Let me know what you guys think, is this possible, would this result in a FLIPPENING, would really love to hear your thoughts?
Long
by cmpkpersonal
2
ETHBTC long Cyber patternETHBTC possible long on PTZ for Cypher harmonic pattern. Cypher pattern often appears as complex correction of Elliott wave fractal. Also in typical running flat or typical 3th wave correction. If this is case, we should see 1st impulse (not necessary to catch bottom) and better to wait for pullback after first move. If not hold we can see level what I will watch on weekly. REMEMBER all this charts is education only based on harmonic patterns , Elliot waves and Fibonacci.
Long
by CryptoArch_
ETHBTC continue to rally after breakoutETHBTC has continued to rally after it broke out of the golden pocket resistance of 0.072-0.073. Not only did price break above this zone, it came back to retest it as resistance, and then double confirmed the breakout by closing above the high of the initial breakout at 0.075. Moreover, this also means that price broke above the neckline of the W bottom pattern at 0.0735. The price target for this pattern is 0.09, which would be a new high for this bull cycle. While I would have preferred for this breakout to occur while both BTC and ETH were rallying as opposed to ETH dumping less than BTC, this setup could be a good place for some portfolio allocation, especially for those who have their portfolio mainly in BTC and looking to diversify a bit.
Long
by cryptotraderog
2
ETH-BTC (ETH has the power..) weekly viewHello there traders and investors, or anyone else taking a gander! 😄👋 🌞 Today we will take a look at ETH and why I think we will soon be so bullish! (For this example we are using ETH/BTC pair..) Let me start by saying that ETH is no joke. Many think it will surpass BTC eventually, this sounds kind of silly to a few, but it is anything but silly! 🤪🚫 After a (0.382) fib retracement to approximately 💲0.053👀, I am looking to achieve almost full fib extension and go to our approximate target listed above.🆙🎯 Here are some reasons why:👇👇 👇 🔵Technically, we are looking very strong on this specific chart, we have seen a HUGE break up from a major trendline. The break started ~April 19th, about a week after Immutable X was dropped on ETH. ⏰📈💪 💨Here in this pair, you can see the dominance of ETH very clearly against BTC. ⏩⏩(in order to see the big candles that we see above, this means the price action of ETH during that period of time was substantially more bullish than that of BTC) 🧑 Vitalik has a lot of control over the price of ETH, which means he probably wants a nice correction so that going into the next bull market, we have strength to push to new highs. 🟡 Vitalik Buterin (founder of ETH) recently donated 1 BILLION dollars to charity, and to relieve India from the financial stress they are under due to COVID.(This could be seen as a good way to force ETH into an even healthier correction, which was much needed)👌📆📌 🧡April 8th of this year Immutable X protocol (easy 2-layer scaling) was released on the ETH blockchain, which is excellent for ETH and Immutable alike.✔🆗 💥Let's see what happens now! I am definitely bullish and looking to continue up as we form a giant parabola.🥳🧐 🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, always welcome. Thank you so much! Jazerbay 🤍
Long
by jazerbay
36
ETH/BTC Movement. Bull Run Not Over.ETH/BTC is the better BTC.D these days. As we can see, previous ATHs haven't been met even closely. If BTC retest 32k-34k range and holds, we might see ETH and Alts to strengthen against BTC throughout the summer. Going into fall/winter, we might see BTC reclaiming the ATH and getting ready to break out. In that case, fall/winter is the time to take profits from Alts and cycle into BTC. If BTC breaks the ATH we might get the next and final leg up in this cycle, which could be followed by another spike in Alts (as we saw in 2018).
by AmSpaceMonkey
ETH/BTC Mother of bullish formations - towards ATH?As you can see, there's a lot of confluence regarding a possible further upside swing on the ETH/BTC pair. The cup and handle formation (blue) almost hit the measured target of 0.069 BTC, forming anoter bigger rounded bottom with a measured target of 0.114 BTC. Big falling wedge in play since May '17, with a measured target of 0.151 BTC. We hence might visit those highs again, possibly even breaking them due to Ether fundamentals being much stronger today rather than 4 years ago. On-chain metrics reagrding exchange inflows/outflows and ETH locked in smart contracts are bullish AF. EIP making Ether a deflationary asset might contribute to making it more valuable based on its scarcity. We should face strong resistance approaching 0.069 first and 0.085, which will most likely be an area of ranged consolidation after breaking the 0.069 resistance. Good luck :)
Long
by MattiaPaccamiccio