Near to the main target!Hi there!
So, after crucial level was broken our main target to the downside is almost ready!
Few upside targets are my expectation after if this will happen!
Good luck traders.
BTCETH trade ideas
ETH/BTC Market Observation and ProjectionsETH/BTC chart indicates that we have some more ways to the downside in ETH BTC valuation. I will be accumulating under 0.045 level. We have a blood diamond on the weekly chart. If history repeat itself, it should take us down to the golden pocket zone below 0.045 level before gaining enough strength to go higher. This aligns with the BTC.D action in the near term as well. At CWL we like confluences that give us an idea around the ETH movement expectations. Not a financial advice. DYOR.
📈 ALT SEAON IS COMING👉 Clear Bull flag Formed At The Chart And The Price Exactly Bounced From The 0.051 As a 1.618% Fibo Level ,Breakout Is Possible To Happen Any Time
📥 When ETH/BTC Pair Is Bullish It Means Money Will Outflow From BTC To The ETH So ALT SEAON IS COMING
Ethereum can retest 0.08Ethereum Dencun are coming... L2 layers getting more cheap tx and more people can interact with smart contract and deploy it
ETH/BTC Cup and HandleCup and Handle with the neckline around 0.065 once it flip this area i expect us to make a nice run up into the alts coin season.
will post more TA on
ETHBTC chart looking bullishETHBTC took out to high timeframe range low, broke market structure, and has now back tested the local POC/VAL and 0.786. ETH has gotten a nice reaction off this area which has led ETH to $2700. Now that BTC has broken 50k, and the halving in near, I hypothesize that the real FOMO is just about to begin. I expect ETH to start playing catch up to BTC as people FOMO into crypto again, and people begin speculating about an ETH ETF.
$ETHBTC, ETH outperforming BTC?This is just too wild to be possible, ETH could be in a triangle since 2017, and we could have a "superycle" like never before.
ETH broke dayGenerally, as I described earlier, we experienced a short-term rise in ETH/BTC. Now, we are witnessing a significant decline towards a strong level, while the price either remains stagnant or grows slightly. If there is a rebound from here, I might assume that Ethereum will soar, if not to the cosmos, then closer to the orbit of 2800-3500
ETH Heating Up?Boring, yes. Encouraging? Also yes. Why? Because we had RSI retest the blue descending resistance as support, which is something I have discussed a few times. There’s nothing to do here for me until ETH breaks out through descending resistance against Bitcoin - unless you caught the bullish divergence lower. That said, I am watching closely. This looks like it could be heading back for another test of resistance in the coming weeks.
ALT season ready?ETH/BTC bullish as i described in my chart. BTC may be in flat 40-45.5k, so i expect alt seasson and ETH at the new highs
Alt season???If you have a look at BINANCE:ETHBTC pair then you can clearly see that we are about to have a Golden Cross in rsi in Daily Tf..
If this happens then would fly soon...
What do you think about this scenario??
#ETHBTC UpdateSo far so good, the trade is in profit and out SL is at breakeven.
However,
Many people did not get first entry, is now a good time to add to longs? time will tell.
ETH/BTC broken above 200 SMA on the Daily.I had been slowly accumulating BTC into ETH while it remained in the yellow accumulation zone.
ETH/BTC has now broken above 200 SMA.
Bullish divergence on 21Dec'23, and have broken into the positive finally as well, since plunging below into the negative from 16Jun'23.
Ichimoku Cloud looking to turn bullish on the daily as well.
ETHBTC IdeaIndicator on chart shows previous highs and potential future reaches for ETHBTC
I expect ETHBTC to move in a curved channel that I have plotted in white.
Reversal of ETHBTC on this Weekly timeframe is possible.
A Turning Point For ETHBTCCurrently, the RSI has entered a zone that often signals a shift towards an upward trend. The downward trend is nearing its end, and I anticipate that Ethereum (ETH) will begin to perform better than Bitcoin (BTC), or at least, stop lagging behind it.
Chart Pattern Analysis Of ETH/BTC
K4 is breaking down the neck line of a potential double top bearish pattern.
The possibility of breaking down is relatively high here.
From K2 to K3, the supply pressure increased.
It is likely that K4 will accelerate to breaking down.
It means that it is not worth to hold more ETH than BTC temporarily.
If K4 failed to close below K3, and even break up K3,
I will try to hold more ETH than BTC.
2W ETH/BTCOh, I've known situations like this.
This is a 2W chart of ETH/BTC
What is notable here in terms of the Ichimoku method?
1. Candles have dropped out of the cloud.
2. Kijun-Sen crossed the Senkou Span A and B
3. Lagging Span crossed Senkou Span B, but immediately returned. However, the notch is there.
4. Tenkan-Sen is trending downward.
There are two major resistance levels here.
1. 0.5890 is the lower boundary of the cloud
2. Tenkan-Sen will meet the candle's pin at about 0.6151.
With this general structure, it is usually the resistance that will make the price fall further.
Let's pay attention to the weak volume of these last 2 candles.
Support at ~0.461
2W candle will close in 2.5 days.
ethbtc confirms correction on weekly trend a daily bullish pennant breaking to the down and stochastic confirms the bearish trend of #ethbtc key support for ethbtc 0.055, 0.050, 0.044
ETH vs BTC Technical analysisIs it better to hold Ethereum or Bitcoin? If you are interested in such question, you probably want to see the ETHBTC chart. My analysis is on the weekly chart. What we can see is that the ETHBTC formed a WXY Elliott Wave corrective pattern with a 1:1 FIB extension. If this pattern confirms, ETHBTC could reach a new high and pump massively. But the price is still below the main trendline and below the main horizontal line. I recommend waiting for these 2 lines to break to confirm the bullish bias. Otherwise on the weekly chart price makes lower lows and lower highs, which is a sign of a downtrend. Also, what we need to consider is this local expanding triangular formation. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
ETHEREUM CONTINUES TO BEAT BITCOINJust a quick reminder that, even as the market, correct, Ethereum continues to slowly rise against Bitcon.
I have high conviction that this is going to be the next solid trade and narrative and that Ethereum will rise.
