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Ethereum-bitcoin

Entered Long ETHBTCEntered an exploratory long inside the recent consolidation of the Ethereum/Bitcoin cross. This trade expresses my thesis that Ethereum is becoming the dominant coin in the cryptocurrency space and should continue the recent trend of appreciating against Bitcoin. BITFINEX:ETHBTC has recently been caught between two major Retracement levels and this mid-consolidation trade is putting risk on that the consolidation will break to the upside. Lower timeframe setup and signal below:
Long
by norok
4
The best course of The Major Player Behavior. ETH example Part 1I want to continue to share with you my knowledge of the behavior of the major players and who they are.😁 In the last example about Bitcoin, we considered a similar situation, now I would like to demonstrate this on another coin so that you also learn to identify such moments and fix them. Right now, on the example of Ethereum, we see approximately the same moment, a small candle fixed exactly in the stops zone of a major players. Thus, we can assume that in about 83% of cases the price will go up, since, as we mentioned in the previous tutorials, the stops of a large player in this case are equal to large buys on the exchange. Best wishes
Education
by MiriamRapoport
7
My next crypto trade (most likely)I keep my eye on the Ethereum / Bitcoin cross pair. There have been some interesting developments recently in the price action of Ethereum such as respecting Retracements exactly. The Ethereum market cap percentage is beginning to rise as Bitcoin is beginning to fall. It could be that Ethereum's price action will dominate the price action of the cryptocurrency market as a whole and unseat Bitcoin as the dominant driver. The most likely next trade will be a breakout from this tight range on the BITFINEX:ETHBTC cross pair. The trend on this symbol and subsequent trade opportunity will represent this shift in dominance.
by norok
The Bitcoin – Ethereum Smart Money DivergenceThe smart money tool (SMT) divergence is used by traders to determine if the trend is getting stronger or weaker, which may lead to a shift in the market sentiment. If we compare Bitcoin (BTC) and Ethereum (ETH), we can notice that one is stronger and the other one is weaker. However, this correlation is not visible to the naked eye because they seem to move in tandem. Bitcoin – Ethereum SMT Divergence Based on the coinmetrics data, the BTC-ETH correlation stands at 0.89, which is nearing all-time high values by historical standards. This means that there is a strong positive relationship between the two cryptocurrencies. The SMT divergence concept can help a trader find short-term price discrepancies. If BTC and ETH have a strong correlation, the price should mimic the same price action. For example, if Ethereum makes a higher high, Bitcoin should do the same. However, sometimes there is a break in that correlation, and that's exactly what happened recently. ETH's price made a higher high, but Bitcoin made a lower high. In practical terms, it means ETH is stronger than Bitcoin, so we can expect Bitcoin to sell more relative to ETH during the current pullback.
by cryptohopper
XRP LONG TERM PRICE ANALYSISXRP holders, I know a lot of you are hoping for XRP to hit $10-13 in 2022... After ZOOMING out, I've identified an interesting pattern that tells me why it won't happen JUST YET. In this video, I go over XRP on a macro perspective, and explain why I think XRP will only hit $10-13 (4.236 FIB EXTENSION) in mid-late 2024, which coincidentally or not is shortly after the next Bitcoin halving will take place. I do think we will see a mini bull run to $1.30-1.60 this year, but not the huge run everyone's expecting. Everyone is calling for the SEC v. Ripple case to be settled this year, which to me is exactly why it won't happen anytime soon. It's going to happen when we least expect it... Sideways consolidation for now. WATCH THIS VIDEO UNTIL THE VERY END IF YOU HOLD XRP
BITSTAMP:XRPUSDLong
0
by arthurgcar
1
☑️ETHUSD: growth potential➡️ Over the past two months, Bitcoin and Ethereum have been consolidating, recovering from the November-January sell-off. At the moment, the cryptocurrency is strengthening against the backdrop of ongoing geopolitical events. This trend is likely to continue, and especially in the short term. Technically, the price of Ethereum is now supported by the price area of 3190.90 - 3273.50 . In general, the price is still in the balance of 3190.90 - 3487.85 . The closing of the candle on this chart inside the balance will be a good signal to go long and the target of this trade will be at the upper boundary of the balance 3487.85 . 🔥 Ethereum Forecast Results 🔥 ☑️ETHUSD: upward impulse 👉 +167 points ✅: ☑️ETHUSD: to the lower border 👉 +246 points ✅: ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
COINBASE:ETHUSDLong
by TradePlus-Fx
21
☑️ETHUSD: to the lower border➡️ Cryptocurrency prices currently have limited growth potential, as the share of stablecoins in relation to the total cryptocurrency market is falling: instead of 10% , it is already 7% , Business Insider announced this. Stablecoins are seen as cash that can be used to buy cryptocurrencies. The bank noted the recent rally in bitcoin and Ethereum , which began in early March. As JPMorgan explained: “Sanctions against Russia have raised expectations that cryptocurrencies will be used more widely in the future to bypass the traditional banking system, given that they are not tied to or dependent on any government.” But now, according to the bank, the cryptocurrency rally has probably fizzled out, and we are seeing its end as stablecoins are rapidly declining their share of the crypto market. Technically, the coin is trading at the resistance level of 3487.85 and is unlikely to be overcome by buyers. Near this level, a small balance was formed in order to go down. In addition, a larger balance is being formed with the boundaries of ~3273.50 - 3487.85 . This suggests a fall towards, 3273.50. 🔥 Ethereum Forecast Results 🔥 ☑️ETHUSD: upward impulse 👉 +167 points ✅: ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
COINBASE:ETHUSDShort
by TradePlus-Fx
7
ETHEREUM Daily TA : 04.04.22As we can see the price is approaching to the $ 3700 target of the previous analysis and is trying to break the resistance of the $ 3500 (EQL) range! According to previous analysis, the current target is $ 3700 to $ 3900, the next targets are $ 4000, $ 4300 and $ 4620, respectively. (Targets will be updated) . Important Supports are : $ 3200 , $ 2900 & $ 2600 . Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.04.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
2
ETHBTC at 3 Day base resistance.The ETHBTC pairing is now at the 3 Day base line which could act as some resistance, worth taking some profits here if you entered on the buy signal at the 0.070 mark. The risk is in the high range but not very high so personally I will wait here, decision here should be based on your own risk management and tolerance. All my trades are based on trend strength and currently the ETHBTC pair is very strong, mix that with the market sentiment around Ethereum and you have a strong case for more upside.
Long
by Cryptodontrading
Altcoin Capitulation and A Repeat of August 2018In 2019-2020, I managed to nail the long term top for Bitcoin dominance. Here's the original analysis: Since I accumulated altcoins during the last bear market, I still did significantly better than had I just bought Bitcoin. Some of course did much better than others. But now that I'm scaling out of the market, my strategy is much different. I hold no more Ethereum, and if I decide to repurchase some crypto, I will wait until Bitcoin dominance is higher again. There is still the possibility of one more final low for Dominance, but I think time is running out for that to happen. I was also thinking crypto could make a run for Gold's market cap this cycle, but recent market movements have proven that Gold and Silver are still better safe haven assets than crypto. As Bitcoin loses its strong uptrend trend against other financial assets, crypto will need to prove that it's more than just about making money. A true crypto revolution would be born out of necessity, not out of excess. And this current cycle had a lot of excess. This is one of the major reasons I have become more bearish on this market. The analysis I've noticed some similarities in both charts and sentiment from back in 2018. I've been thinking about these similarities for a while, and as this consolidation drags on, they are becoming a bit more obvious. In July, 2018, people were still hopeful that the alts that did well recently would make new highs. That changed quickly the first two weeks of August, when many hyped projects dropped by 30-50%, even after many had already been down by 70% or more. Although already facing significant losses, crypto investors are still hopeful that some of these projects will continue to see new all-time highs. This confidence in 2018 was bolstered by the fact that ETH/USD was holding a higher low since the decline to the March 2018 low near $360. ETH seemed to be relatively stable above $400. Today, ETH is maintaining a weekly higher low, stable above $2300. Nevertheless, the NFT bubble has yet to truly pop (and yes, I believe it's a bubble). In addition, in 2018 Bitcoin dominance was slowly showing some signs of strength while Bitcoin itself continued to make lower highs. We're seeing similar market conditions today as dominance approaches the 50 week MA (red). Here are the ETHUSD chart from 2018 and the chart from today side by side: Here, you can more clearly see the bearish 9 EMA/50 MA cross (red over orange). Below is the same comparison with the Bitcoin dominance chart: The weekly MACD for Bitcoin dominance shows strength, even as it approaches the 50 week MA. In 2018, this breach resulted in confirming the long term bottom for dominance. Shortly thereafter, ETH began its disastrous decline from above $400 to below $100. Before breaking down, ETH held a higher low for roughly six weeks, and it seemed that the floor could be in. Although the market can still surprise me and reverse back to the upside soon, the bearish momentum seems to have really set in, and this appears to just be a momentary pause. ETHUSD price also seems to generally correlate well with ETH/BTC. When ETH/BTC is in decline, ETHUSD does not tend to do well. This also implies that Bitcoin is not likely to trend significantly up. It was actually the rejection off the 50 week MA for Bitcoin that set off the "Altpocalypse" in the beginning of August, 2018: Bitcoin was recently rejected just shy of the 50 week MA, despite maintaining weekly higher lows:https://www.tradingview.com/x/MUpAmLy9/ The TOTAL crypto market cap shows multiple rejections from the 50 week MA: Let's see what happens! Are we about to confirm a longer term bearish trend for ETH with the first new weekly low since last summer? There would need to be a pretty strong push up from markets to reverse the trend. Traditional markets might still have another leg lower before any significant rebound. Things are shaky out there! Whether you agree with me or not, it's very important to be careful these days in markets. Sometimes the best thing to do is nothing - and just let it all unfold. The pain always comes for those with leverage. This is not meant as financial advice. This is meant for speculation and entertainment purposes only. -Victor Cobra
BITSTAMP:ETHUSDShort
by VictorCobra
12