ETHBTC VISION ELLIOTT WAVEHi everyone!
I want to share my vision on ETHBTC chart.
It can be doubts how to mark a global chart from the of Ethereum existance, but it is no doubts how to mark it from the middle of 2022.
Market made clear 5 impulse and I assume it as A wave
Then market was completing a complex correction as a wave B ( I can mark it either a descending triangle or WXYXZ ). AND I THINK IT HAD BEEN COMPLETED IN RECENT WEEKS
Now it is time for C wave that will consist its own 5 subwaves.
Upmove of ETHBTC will mean the power of ETH against BTC and hopefully the power of all Altcoin market.
Trade safe! Keep it simple and put your Risk Management first!
Sincerely
BTCETH trade ideas
ETH/BTC - Flippening ... What Flippening ???My analysis of the ETHBTC chart suggests that there will be no Flippening, neither soon nor ever, an idea which I hope you will challenge with tough questions. After all, this venue exists to arouse the reverse-engineers and to provoke the thinkers to do what we do best.
As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception.
Although my trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION, this is not a trade, per se, but the consummation of my understanding of the future of Ethereum as a "commodity".
Furthermore, I am preparing the charts of XRP/ETH and AMP/ETH as part of the complete analysis. Now that I have enough followers for live-streaming eligibility (many thanks!), I intend to do a recurring weekly show on prospecting within the cryptosphere, where those charts and others will be showcased regularly.
First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023.
Until then, be liquid !!!
ETHBTC ready to drop 10 %Hi Traders
Let's have a look at 1D chart of ETHBTC
ETHBTC is bearish.
The price can't break the downsloping resistance.
Currently at the temporary support. Once it breaks, we should see 10 % drop. It would make sense as BTC.D is bullish now so ETH and other altcoins should underperform Bitcoin.
Patience is a key
Good luck
📈📊 #ChartPattern Alert! 📈📊 📈 Channel 📈A "channel," in the context of trading and technical analysis, is a chart pattern that forms when the prices of a financial asset move between two parallel lines, creating a kind of corridor or channel. There are two main types of channels: an ascending channel and a descending channel.
Ascending Channel: This channel forms when prices have an overall upward trend, but this trend is contained within two upward-sloping parallel lines. The lower level is the support, where prices often find buyers, while the upper level is the resistance, where sellers may come into play. Traders often view the ascending channel as a sign of the continuation of the existing uptrend.
Descending Channel: On the other hand, the descending channel forms when prices have a downward trend, but this trend is bounded by two downward-sloping parallel lines. The upper level is the resistance, where prices tend to retreat, while the lower level is the support, where minor bounces may occur. Traders typically interpret the descending channel as a sign of the continuation of the downtrend.
Channel analysis is an important tool for traders as it can help identify entry and exit points, as well as set profit targets and stop-loss levels. However, it's crucial to note that channels are not foolproof, and prices can break beyond the channel lines, signaling a change in trend.
In summary, a "channel" is a chart formation that depicts the direction and strength of a price trend in a financial asset. It's a useful tool for traders looking to make informed decisions about their market trades.
The Seasonality of Diminishing Returns"Ultrasound money" meme is just too good.
I do realize I am coming off as a mega bear.. but when you price stuff against the best performing asset of all time, you get charts that look like this.
Eth has had impressive returns no doubt.
And I even believe it has value as a protocol itself.
This is known and consensus now.
As a vehicle for obtaining massive amounts of btc?
No longer useful.
This is the game..
ETHBTC ❗Caution❗One more for today will be ETHBTC chart.
The wedge is forming for a year now. Chances are, the next BTC move down, ETH and ALTS will go up and even make the breakout from this formation!
...However, I'm not too sure about this. Previous Trend support zone has been crushed fast enough and wasn't going to retest it back. Chances are still here, But...
We have another, Bigger Trend line all the way from the Bottom (I hope it was one, cause if not, the blood will be all over the place) And I am guessing we will have another big fall is Sep/Oct and there may be the prices we're not gonna see in a while most probably.
So, I suggest you to look closely, with caution, cause we're gonna see volatility in the next weeks.
Be aware. Envision.
👁️ A.I.Vision
One More Push Down For The Alt Market 👉 The Reason That I Suggest You To Only Trade And Holding BTC At Current Market Situation Is What I See At The ETH/BTC Pair
📥 By This Rising Wedge Formed At The Chart I Expect One More Push Down To The 0.06 Area ,So I Prefer To Only Be In BTC Right Here ,Not Any Other Coin
ALTCOIN SEASON This is a graph showing the relationship between Ethereum and Bitcoin . I think it is a good time to accumulate altcoins, but I believe that another drop will come and then we will start stronger. Certainly these are good times to invest, of course high risk and high return.
Show me your opinion by put comment below and if you like feel free to follow me!