Ethereum-bitcoin
It happened!! As predicted The price action broke down through the lower median line as we feared would happen. But this is a great opportunity to buy more. Give it a little more time to see which way the trend continues and don’t be afraid. These corrections are temporary. The RSI is showing a divergence and we can see the new areas of interest. The graphs gave us these signals yesterday and now it’s time to take advantage of what we know will likely happen next. Don’t make any investments you are not comfortable making. None of this is trade advice, but purely analysis and chart explanation. Happy trading!!
ETHUSDT | Long Term Price TargetsHello, traders!
Let's take a look at possible price movements scenarios for Ethereum.
FUNDAMENTAL ANALYSIS
First of all we should say that ETH performance is not good from the beginning of the current Bitcoin price correction. It's price droped more than Bitcoin price, so it is definitely underperforms the BTC.
At the same time the Ethereum's competitors like Cardano and Solana looks pretty well. The most important reason for this is the high cost of Ethereum commission fees. Today we have a nice news from the co-founder of Ethereum Vitalik Buterin that they are about to solve this nasty problem with the scaling. It will help to reduce commission fees significantly.
TECHNICAL ANALYSIS ETHUSDT
The ETHUSDT now have an ATH at $2040, exactly at 1.41 global Fibonacci level and now it was rejected exactly at 1.27 Fibonacci level. So, we can see that the price has a nice reactions to these Fib levels. If we look at current price action we can see the bullish flag pattern formation. The price target from this pattern is above the ATH approximately at $2320 (1.61 Fib).
To be honest the future price action for Ethereum is strictly correlated with the Bitcoin price. If BTCUSDT is able to break ATH this week, the ETHUSDT have high probability to follow the white scenario. In case of Bitcoin price pullback we can see the red scenario.
It is also very important to understand if the ETH is going to outperform the BTC in the future or not.
TECHNICAL ANALYSIS FOR ETHBTC
Let's take a look at the ETHBTC chart on weekly timeframe. We can see the price action inside the bullish megafon. There was a bearish divergence between the price and on-balance volume, as a result we saw the sharp correction and now the ETHBTC is going to reach the lower band of the megafon. We can conclude that the ETHBTC now is almost at the dip and the Ethereum is going to outperform the Bitcoin soon.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
WE CALLED IT!! Ethereum and Bitcoin side ways now before a moveIf you took a short position or locked in profits around the 1850 mark congrats, we called that almost to the minute. Please keep up with our posts and make sure you share this information with fellow traders as we put out more information regarding daily and long term price action. This is all trend analysis and not trading advice, please use your own judgement to make trades. We expect the next day or two to contain a lot of sideways action but overall the indicators still show bullish trends. If something changes we will update everyone based on the indicators. Happy Trading!!!
Ethereum/Bitcoin ratio (Overview)Ethereum/Bitcoin it's bullish. that mean Ethereum it's grow up against Bitcoin in based in their Bitcoin value and calculations. Ethereum have a cost of 0.032 Bitcoin.
That mean, if you apply a strategy supposed to accumulate 10 Ethereum coins. Easily you can to get your first or 1 Bitcoin completely. Remember, 1 Bitcoin it's like a Gold . For that, I invest in Ethereum right now than Bitcoin as Ethereum it's going to run this trend. For that, one of my trading strategy it's reach 10 Ethereum coins as minimum. Actually, I have 4.23 Ethereum coins in what I earning in my trading that I have in hold.
Now, if Ethereum/Bitcoin goes to 0.1 Bitcoin, my 4.23 Ethereum coins it's can to have a value of 0.423 Bitcoin. But my goal it's to achieved 10 Ethereum coins as minimum when have a cost of 0.1 BTC, I can to get my first or 1 Bitcoin. Another strategy it's fund your Ethereum account with Ethereum assets in Simple FX and open up a Cardano contracts, whatever, I apply this strategy too and I have some Cardano contracts like 2,000 Cardano contracts funding in Ethereum to accumulate more Ethereum too as the same time Chainlink too in Simple FX. Guys, I invite you to check out the Simple FX, this it's an excellent cryptocurrency broker to trade crytpocurrencies or whole financial markets. For that, theres a lot strategy, the most common are hold Ethereum, accumulate Ethereum make trading or open up any cryptocurrency or Cardano contract to keep this positon to longer. I apply the both.
Now, based in my analysis, Ethereum/Bitcoin it's formed a shoulder head shoulder inverted, that mean a bullish pattern for the next altseason coming on in the next months. I have my 3 targets to hit in Ethereum/Bitcoin ratio that I show you.
For that, if you accumulate as minimum 10 Ethereum coins x 0.1 Bitcoin value = 1 Bitcoin (your first Bitcoin) if you apply this secret that few investor know, also I know it. Also, you can to open up some contract position to accumulate Ethereum whether in Cardano, Tezos, Eos, or any crytpocurrencies that you know, not just in Cardano, but if you want to apply, my recommendation it's choose 1 crypto what you want to open up contracts position and use a modered leveraged like 1:! or 1:5 my recommendation. And with this way, you can to accumulate Ethereum.
Also, I invite you to check out Ethereum fundamental analysis if you don't know what it's Ethereum.
Ethereum and all of crypto taking a breather. Nothing in the RSI or chart indicators is pointing to a dump yet. This is just a deep swing back down. Very healthy and part of the trend patterns to take us to new highs. Don’t freak out yet guys it’s still an upward swing and we are in a bull market. Take this ETH price action for instance, we have gained over 300 points in a few days and over 500 in the week so a 100-200 point correction before continuing up is perfectly normal. If a bearish trend starts to form we will be analyzing those graphs, but that is highly unlikely!! Happy Trading!!
ETHEREUM IS GOING TO 500!Hey, I'm CAPITULATING, thus selling all my Ethereum here, ETH to 500, Ethereum is going to zero, I've been holding ethereum for a month and earned zero from it cause it lost 30+ % to Bitcoin. OMG, how much money I could have earned by just holding Bitcoin and not chasing this sh*tcoin.
Now we have death cross here additionally, omg!
Ethereum is trading below it's previous ATH too! I am scared guys.
I hate this stupid coin, I'm cashing out and never entering this market again, wish me luck!
DOTBTC False Breakout Scalp Short 2021/02/27Pair DOTBTC
Direction Short
Entry 0.00073800
SL 0.00074937
TP1 0.00073402
TP2 0.00073061
TP3 0.00072777
TP4 0.00072436
Signal Rating 3/5
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!
ETH About to Breakout??We have a bull wedge forming in Ethereum. If intermarket correlations with other cryptos, especially bitcoin are to be trusted we will likely have a breakout soon. We will see resistance from $1700 first, then $1745, and then we will hit the $1800 handle. We have a while to go and we have several technical levels to break before new highs again. Be patient, because cryptos tend to range for a bit in a sideways extension before making new highs again. If we are wrong and ETH dumps again, we will have support again at $1345, and worst case at $1234, which should be considered a bargain.