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Ethbtclong

ETH/BTC - Consolidation Over, Time To Pay Attention??As we look at the ETH/BTC chart, we see a very large consolidation pattern very similar to Bitcoin before it broke out from its 3-year symmetrical triangle consolidation pattern. ETH looks to be setting up to make a very large move, in the not-so-distant future. We see the same symmetrical triangle with a well-defined inverted head & shoulders pattern that could send ETH prices much higher. Many are saying the other imitation blockchains will supersede ETH, but I do not believe that is the case. Like I've said in the past, typically when the crowd believes one thing, the opposite is the end result. I hear a lot of talk about other blockchains taking over the #2 spot, but NOT 1 single other smart-contract blockchain has stood the test of time like ETH has. Yes, it might be slow for the moment, but big investors are not looking for the new fast chains that have big promises filled with hype. They're using the same logic they use for Bitcoin. They want something that has proven itself to work and is secure. Speed will come in time, but security proven via time is what is important. I realize much of this is fundamental analysis, BUT I believe it to be an important factor in regards to the price action we'll see in the future. Remember, many said Bitcoin would get taken over by the new "hot, fast, and efficient" other blockchains, we all know that is not what's happening. Stay level-headed, remove your bias, and stay ahead of the crowd.
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by CryptoSyphn
2
Ethereum ready to blast off!!Etheruem has been leading the market lately with an increasing dominance currently at 15.4%, versus bitcoin we have fully broken long term historical downtrend resistance and aswell as the 0.2 FIB level! We defiantly have lots of room to run and i think we are going to start to see it fully very soon! With BTC dominance continuing to fall Altseason with getting more explosive with ETH leading the market! I think we will see a peak altseason when BTC dominance reaches 35%, somewhat conservative though because in 2018 we topped out slightly lower than 35% BTC dominance. Very bullish on Ethereum especially with EIP 1559 coming sometime this summer!! Not financial advice just my opinion
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by JacobR905
#ETHBTC just broke out of this Patten. I40% Rally Incoming.Welcome to this quick update, everyone. ETH broke out of the 995 days Long Resistance. I believe 140% pump is incoming. Just look at the chart it simply looks bullish. CMP is .0495 and it can easily go from 0.10 BTC to 0.15 BTC in the next few months. This chart will be invalidated only after a close below 0.037 BTC WHICH SEEMS HIGHLY UNLIKELY. The first ETH CHart I posted was around .016BTC when I said it's gonna pump from there that and was the bottom. It's currently 300% up from there. I have been holding on SPOT from a very long time. If you like this update do hit the like button and share your views in the comment section. Follow me if you haven't yet Thank you #PEACE
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by Cryptorphic
9
ETH.BTC (Y21.P2.E2).Target reachedHi investors and traders, Looking at the initial structure and the target based on the inverted barr method, I believe ETH has reached its target and will now lose ground to BTC and head towards the 0.382 fib level. The fact that we have 3 touches to the top and a rejection on the 4 hrly is also complementing this. This is also scary as this could also mean that the ALTs are almost done and that BTC is going to make a deeper correction. This also falls into line with my BTC TA I did in the past 2 days. The fact that I did them separately and now discovering ETH has hit what I believe is the target based on this methodology is a convincing story. I am also still bullish on the macro level but I do believe we will have a deep correction for BTC and hence a significant bounce for the BTC dominance. I will leave it at that. All the best, S.SAri
by ssari
4