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Ethereum-bitcoin

Daily ETHBTC UpdateETH is showing new strength over BTC. We can see in the chart that ETH has been in a consolidation phase with BTC since its high back in May of this year. If we see a break of this consolidation to the upside the measured move will take us all the way up to the 1.414 Fib level at 0.13 BTC. In relative terms that would mean if BTC were to double in value then ETH would 4X. So if BTC was to move from $60K up to $120K, then ETH would go from $4.5K to $13.5K. Currently, we are still in the consolidation zone and we can expect resistance as we approach the upper trend line. RSI is rising to support the upward move but volume is still low. We'll need to see volume increase if we are to see a breakout to higher levels.
by marcusdw1
Has DOT/BTC Set Its All-Time High? As I've stated in my recent posts, I think we're inching closer to peak market euphoria for crypto. Does this mean I think the top is in? Not necessarily. But it does mean that my bias is switching to selling, rather than buying. As I dollar-cost-averaged in during the bear market, I plan to scale out soon. I think this current crypto bubble is much more similar to the dotcom boom than the previous cycle. There's much more money involved this time, and a lot on the line. There appear to be less individual people taking out bank loans to buy crypto this time around (just based purely off Reddit posts) - we're instead seeing huge marketing efforts and more authentic crypto adoption by larger players. Adoption is good in the long run. It means crypto is likely here to stay (this was always a question after the last bubble popped). Now it's not a question. But this doesn't mean valuations need to stay this high. And the looming question of regulation remains. People on social media seem to be taking their gains for granted, and speaking in absolutes as if financial freedom is guaranteed. Especially with newer hyped projects. This chart is an example of a more newly hyped project, and how its recent price action compares with a legacy crypto like LTC. Looks quite similar. If DOT/BTC cannot break the supply zone overhead near 0.001, I think it's likely to head down towards all-time lows on the ratio. This is just an example of why I do not think "this time is different." Sure, there are some differences, as noted above. When you're wrapped up in the mania it's hard to see the other side. In any case, I've heard good things about Polkadot. I might even pick some up if we see another big crypto winter. There's an argument to be made for Bitcoin having less severe drops in the future, but as we saw this summer, many alts can just drop 50% in a single day, or 80% over the span of 2 weeks. My strategy is about managing risk in the long term, and it's starting to seem a little risky up here. This is not financial advice! This is meant for speculation only. This is only my personal view. -Victor Cobra
Short
by VictorCobra
8
WARNING - Ethereum followed Bitcoin this weekThis subtle price action requires no indicators. Following the failed breakout of INDEX:BTCUSD last week BITFINEX:ETHUSDSHORTS did the same pattern. I pointed this out during my Friday livestream that all traders should watch for this weekly close. The week did NOT close to confirm the new ATH. This is a very dangerous bearish signal for crypto. Ideally, traders should have been able to retain the momentum to continue the trend. See my linked ideas below for more examples of what can happen in these situations across all instruments. The key idea to watch is what I published in February on another such All Time High test of Bitcoin...
BITFINEX:ETHUSDShort
by norok
4
ETH 4000 solid base for take off to $7000, past $4200Some solid support being tested at 4000, ETH is a little lazy at 4200 but will some sat will help it get going a bit. Bullish trendlines. ETH is getting burned by any joe wanting to be a validator (low energy) for ETH2 needs to stalk 32 ETHs. As Ethereum V2 goes from testing to mainet, ETH will become scarce in supply as more shops will want have built in ETH validation and that requires 32 ETH to get setup. Lay back, enjoy the sub $4200s Once this runs, better to be on board that on the sidelines. Don't stand to close to the launch pad as this Internet Money and distributed finance (DeFi) takes off.
BITSTAMP:ETHUSDLong
by UnknownUnicorn2413721
NuCypher Squeezing After a dramatic pump NuCypher has pulled back on price and has been moving sideways cooling off really starting to squeeze between a support of $1.08 and a resistance of $1.18. May be forming a new price floor after its pump. Most of the buying and selling after the pump as occurred at $1.44 which is a point of control (POC). NuCypher seems to be holding well "so far" above $1.00. We're still up 285% within the past 2 weeks so keep that in mind. Keep a look out on NuCypher's movement and on your radars.
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by peacefuljustin
1