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Ethbtclong

ETH-BTC Indicator Analysis - BullishA bullish case for ETH-BTC Similarities in price action can be seen within the boxes This is better shown on the log trend indicator The 200MA is extremely flat, suggesting that it may rise rather than fall Also the Ichimoku indicator shows that price has broken above the cloud, now the cloud will act as support for price rather than resistance, such as it did in the previous scenario (first box) Attaching some other ETH-BTC ideas I am long Ethereum..
Long
by Bixley
ETH / BTC - Logarithmic Triangle Breakout IdeaI've been pursuing a long trade target around 0.062 on ETH / BTC for a while now (TP 1 - range between 0.053-0.062). Here's an alternative idea that shows potential for a second higher Target, based on breaking up out of a long-term symmetrical triangle on the logarithmic chart and re-testing the top of it. This also shows we are in a parallel upward channel after having changed direction from a long term downtrend. We are nearing the bottom of that channel, as well as touching the midpoint of our daily high and low (yellow line in the middle of the two red lines), which would create a good turning point for our potential move up. That said, it's certainly possible we head a bit lower first and test the bottom of the channel again before making our move up and out. Breaking below the channel or breaking back down into and/or especially below our triangle for any extended period of time invalidates this idea. See previous related ideas linked below.
Long
by dudebruhwhoa
ETH / BTC - Breakout Descending Triangle 4H & HSi on MonthlyEthereum / BTC pairing has been preparing for a possible major run up to at least 0.062 BTC from its current 0.031-32, similar to what we experienced towards the end of the 2017-18 market. The recent dip, really just a successful re-test of our 2018 high, has been providing the fuel needed to kick off that run. On the 4H chart, there is potential to continue bullish movement and begin that run now, after having broken up out of a descending triangle. I believe we are on a path towards 0.062 BTC, and that path may or may not show us one more dip after heading up and re-visiting a neck-line that is forming on a mini HSi (see green path drawing on 4H chart that shows us breaking above that neckline and heading back towards old highs). We also may not complete that pattern because the overall pattern is already bullish, so it's also possible we may just head up from here now. Once that is complete, we should start to head up towards our more important neckline on the monthly and/or weekly HSi that is almost done forming. This is an update on related chart ideas shown in the links below. *** As always beware of BTC movement during this move and any other, as it will affect ETH's USD price regardless of what happens with its BTC value. ****
Long
by dudebruhwhoa
3
What's next for ETH-BTC ??ETH price will definitely be influenced by the overall crypto market. But, will it finally breakaway from it's correlation with the Bitcoin price? Looks like the bears are at an upper hand, as of now, in the bitcoin market. Will it take down the ETH too? In the daily, we could see a bullish trend (blue). But, there's a very interesting channel in 4H (red) which intersects with the Yellow (0.03) and Orange (0.027) support lines which are strong so far. There's a possibility for a potential breakout. Bearish? OR Bullish?
by ethtrader3
1
ETH-BTC Wedge Breakdown Eventuality Using more indicators We can see similar MACD formations between these two price points (purple ovals) Also similar price formations, with a common bounce of a MA line between the two Evidence suggests that this wedge that has formed bullishly will break down, bearishly A head and shoulders can also be identified on the RSI weekly chart ^ above idea suggests continuation, scrap that, bearish action is favored This is the wedge above that price is currently within
Long
by Bixley
6
ETHBTC LONGEntry 0.035325 SL 0.034577 TP1 0.035587 TP2 0.035811 TP3 0.035998 TP4 0.036223 DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
Long
by cryptotraderog
Ethereum CORRECTION Almost CompleteAfter breaking out of major descending wedge we've seen ETH going to 0.04624 vs BTC which triggered a small altseason. I think ETH is going for 0.06-0.085 area in the near term after BTC reaches major resistance. This could mean ETH could be ranging for a while since I think BTC is going to reach $55,000-$67,000 levels sometime soon. I also think that BTC might have some correction back from $67,000 down to 40s, depending on volatility. This means ETH could go from $3300 to $5300, depending on BTC levels. Again, depending on BTC (where does it go this year, 60k/100k/300k?) we're probably going to see a couple of smaller alt seasons and most probably one major one, which, in crypto slang, is going to 'melt faces'. Not a trading advice.
Long
by Pill_z