Ethereumbitcoin
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
ETH.D To IncreaseEthereum dominance is looking to increase after hitting the bottom of the expanding wedge formation
We are looking for a right shoulder to form from this upward move, confirming the larger head and shoulders pattern within this wedge
Personally I think this will be the move to break this wedge formation, but if not the right shoulder will occur.
Included other chart patterns within this larger wedge, (falling wedge, symmetrical triangle)
I am long Ethereum
ETH/BTC CHART Double bottom 4 hour chart ETH/BTC CHART Double bottom 4 hour chart breakout with confirmation. Now ETH must get a strong volume support otherwise the chart will be invalidated as soon as we close below the neckline and confirm this as resistance we have a renewed sell-off into the support box. But since the BTC .D is also still sinking I think this month the Altcoin SESSION could begin. Am very interested to see what happens. I am since the support - box in ETH invested again.
Registration link for PHEMEX EXCHANGE:
phemex.com
Registration link for IMBA EXCHANGE: imba-exchange.co
Registration link for BINANCE EXCHANGE:
www.binance.com
YOUTUBE CHANNEL from EGALITE:
www.youtube.com
Homepage: egalitesignals.com
EGALITE
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..