ETHBTC.P trade ideas
#Ethereum Buyers Expect a Retest of 0.080 BTC, Uptrend ValidPast Performance of ETHBTC
ETHBTC remains wavy in a broad, multi-week trade range as Ethereum bulls dominate. Per the performance in the daily chart, there could be more for buyers to gain in the days ahead, considering the general resilience of ETH bulls. Therefore, guided by this, every low above 0.065 BTC, or October lows, may offer support to optimistic buyers angling for a retest of September 2022 highs.
#ETHBTC Technical Analysis
ETH is up roughly 10 percent from October 2022 lows versus Bitcoin, per the formation in the daily chart. Coincidentally, the 0.065 BTC support line also flashes with the 61.8 percent Fibonacci retracement level of the June to September 2022 highs. While ETH buyers stand a chance and optimistic buyers can load on dips, targeting November highs at around 0.080 BTC, there must be sharp gains reversing November 8 and 9 losses. Ideally, conservative ETH bulls can wait for a clean break above 0.080 BTC to hitch the ride to 0.085 BTC. Losses below this week's lows may easily see BTC buyers take charge; forcing prices back to 0.065 BTC.
What to Expect with #ETHBTC?
Ethereum traders are confident, expecting trend continuation, especially if bulls continue soaking in selling pressure and reversing losses of the second week of November. As long as prices hold above 0.068 BTC and this week's low, ETH prices may bounce higher toward November highs.
Resistance level to watch out for: 0.080 BTC
Support level to watch out for: 0.068 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereum vs Bitcoin Bullish Bias Wins!This is a nice chart, completely different to all other altcoins... Let's dive in.
Ethereum vs Bitcoin (ETHBTC) managed to move and close above MA200 (conquered) back in July 2022, at this point the bulls gain control of the chart.
From September through October MA200 is tested as support and holds.
Really high volume shows up late October to confirm this level as being conquered.
Then again in mid and late November MA200/EMA300 are tested again and holds... Many tests, the bulls are ready!
Now we see prices moving above EMA10.
Bullish indicators... Time to grow!
ETHBTC stays bullish above MA200/EMA300.
ETHBTC goes bearish below these levels.
Very simple.
The bias/pontetial is up.
Namaste.
Break soon?Interesting chart on ETH/BTC ratio.
Breakout seems imminent.
Upside break good for alts. Downside good for BTC.
A check of the Bitcoin dominance chart shows BTC at support which would favor a break down of this chart.
Seems to me with all the recent turmoil in the market that Bitcoin would be the favored place to speculate vs. alts until conditions improve.
Sharp eye..
ETHBTC Inverse H&SETHBTC PA confirmed the Inverse Head and Shoulders multiple times with also a high volume wick that was also a breakout of the descending volume trend.
This is good for ETH and alts.
Massive Selloff for Ethereum Incoming? - Video Update 11.20.22It's been some time since I last posted a video. You may notice a slight difference in my appearance. In this video I cover the ETH/BTC ratio and its "surprising" stability. I also talk about target levels for a breakdown, should it occur for ETH. I also briefly mention Litecoin, along with an even more brief mention of TRX and BNB - a couple other coins I've been following.
Thanks for watching!
This is meant for speculation and entertainment only - not financial advice.
-Victor Cobra
ETH Idea: The price is forming an ascending triangle. Breaking the upper border will be a bullish signal to continue the uptrend, and breaking the lower border will be a bearish signal of a trend reversal.
ETH is going down to $800 with The Quasimodo PatternETH/BTC weekly chart is forming a Quasimodo pattern. As a result, ETH/BTC will be going to a new Lower Low.
This means that if the BTC price rises, the ETH price will not perform that well, and if the BTC price falls, the ETH price will go even lower.
On the other hand, BTC Dominance is sitting at the 40% support zone. And it is expected to rise to the 42%-45% zone.
The ETH/USDT weekly chart shows that ETH is close to the $1000 "round number" support. But we anticipate this support will not be strong enough, and the next safe heaven will probably be $800.
If you're an ETH holder, it is wise to now protect your asset with a SHORT position.
The overall market is not worth scalping, so we advise that we just sit down and wait to see what will happen. Our prediction is there will be a large movement with BTC. Either reach the 12k-13k zone or it will successfully reclaim the 20k mark. Only time will tell.
We are Chainslab. Let us know what you think.
ETHBTC - Too Much Huggy With 50MA 🤗This is a very exotic chart but chart behaviours regarding moving averages remain the same.
ETH is spending far too much time resting on the 50 day MA here.
And it has already fallen through to then bounce and recover in this area.
But now it is again resting on the 50MA - if it falls the chance of a bounce recovery is less.
With BTC looking bearish if it falls and ETH falls through the 50MA then it could have a MAJOR collapse.
From there the next critical juncture is the Demand trendline.
If that breaks ETH is in big trouble...
Not advice.
The Ethereum bull runEthereum is currently at 50% of its bull run
Long entry: 0.072 btc
Take profit: 0.40/0.60 btc
This is my personal opinion and this is not a financial advice! Good trading!
Altcoin massacre incomingHello, we can see tight bollingerbands on the eth/btc pair on the monthly(!) timeframe, which means that soon we will see ALOT of volatility going on.
As we are still in a bear market its not hard to tell in which direction.
Alts are trading as a segment, i expect other altcoins to heavily sell off soon too, not just eth.
Personally not planning to trading this, but putting it out there as a warning for what is to come in the next weeks.
It may go (way) lower then my green supp zone.
Be careful out there and do your own reasearch!
Dont invest more then you can afford to loose as the whole crypto ecosystem is a massive bubble. (which i expect to pop in the next months ahead)
ps: dont hold USDT!
ETH/BTC is bullishEthereum is looking strong against Bitcoin and probably will climb more before capitulation and Nee ATH
Next Targets 0.08 / 0.09
ETHBTC looking strongWhile ETHUSD isn't looking the hottest right now, ETHBTC is looking pretty good. ETH was able to put in a bullish inside bar/ pin bar vs BTC on the weekly. For this setup to remain valid price needs to stay above the low of the pin bar but optimally I'd like to see it stay within the channel. Target would be the upper end of the channel if the setup plays out.
So after all ETH is bullish, kind of... Crypto market is dumping, so obviously I'm not saying ETH is going to make some magic pump.
I only expect ETH to behave in a less bearish manner compared to BTC.
In my previous ideas I spotted a Cup&Handle formation with a H&S at the handle, which dumped PA to the support which then corrected with high amounts of volume.
It created this inverted H&S formation in the process :)
Confirmations already took place, so yeah ETH will be less bearish than BTC during this dump, and also probably be much more bullish after the bottom.
Expectations for alt season are rising.
ETH BTC battle for dominance ETH BTC dominance has been a battle over the last 18 months or so fo sho but it looks like ETH is poised for its next run at the King for another step up the ladder over the next 2-3 months
ETH/BTC Technical Analysis ( Expecting -70% Down from here )#ETH/BTC Technical Analysis:-
#Ethereum currently trading at 0.075 BTC
This is -18% down from This bull run ATH
I am Expecting big Dump coming few weeks so Ready and Prepare for dump.
As my Knowledge ( not Chart ) I am expecting -70% Dump in coming few Months.
So Never Go All in any Altcoins now.
I am Now Talking about Altcoins in BTC Pairs.
My 3 Targets for ETH/BTC
Target 1:- 0.055 BTC
Target 2:- 0.037 BTC
Target 3:- 0.023 BTC
Hope You also Learn and Understand the chart.
Thank you.
Keep Support.
ETH collapsingBTC and the whole crypto market is dumping as predicted.
ETHBTC PA still behaving bearish even at support. What I mean by that is that I only see continuous creation of ascending trends with bearish break and retests.
I expect further downside with greater emphasis on ETH than BTC.
My previous Cup&Handle idea seems to have been already invalidated or on the verge of being invalidated, I don't trust that idea anymore.
We all have to wait for PA after the dump to analyse it and get some more insights, altseason will have to wait.
ETHBTC Trade CallEntry: 752-763
Stop loss: 744
Take Profit: 818+
Expected Call Duration: 2 Weeks
Call strength: Med
Call risk: Med
Ideally, enter trade off of the 200 period 1.25 stdev, and stop out if price goes below that pivot.
ETH short term bearish but long term bullishI have already posted ideas about the recent bearish action of ETH.
On a macroscopic scale though we can clearly see how a Cup&Handle formation is developing on ETHBTC, meaning I expect bullish action after the bear cycle dump... Altseason?
That remains to be seen, although my expectations are high, but for now bearish bias stands seeing how after the pump a H&S formation has developed, which as I already said in my last idea is still waiting for a definitive confirmation.
After that the game will change, I'm confident about it.
ETH Idea: The price formed a pennant pattern and dropped to the lower border, around the 50 EMA. Support levels are indicated in case of a bearish scenario. RSI drops below 50 into bearish zone
ETHBTC long term Cup & HandleIt looks like ETH might be in the progress of completing a long term cup and handle. I think it will drop a bit further down to a fairly common fib retrace point. Target is a fib extension of that point starting from the bottom of the cup to the top of the right end of the cup, and then set to the aforementioned retrace point. If it shows strength towards the bottom of the handle, I'll consider buying. I would recommend zooming in to the 4hr/1hr etc if and when it reaches that point, which seems likely.
BINANCE: ETH/USDT (Inv. H&S)As we see bitcoin has been supported by 19k and made a nice bounce to 21k. So far every thing looks good but there is a catch. Total market still reacts to bearish trendline while Total2 has already broken it. it just needs a HH to strengthen the idea of alt party. meanwhile ETH shows strength against bitcoin and formed an inverse head and shoulders pattern in W1 which gives hope to the other alts. as you see RSI bearish trend line broken and retested in W1 and gives bullish vibes too. Don't forget that Merge effect hasn't kicked in for some reason. Always DYOR before entering any position or trade.
🛒 Pair: ETH/BTC🛒
== SPOT==
⏰ 1401/08/09 ⏰
🕰 31/10/2022 🕰
Duration:
📈 SHORT - MID 📈
Ex: Binance
#96
🛒 Buy : 0.074 - 0.078 🛒
👉Sell Targets👈
🎯TP1: 0.082 🥉
🎯TP2: 0.086🥈
🎯TP3: 0.090 🥇
🎯TP4: 0.095 🚁
🎯TP5: 0.099 ✈️
🎯TP6: 0.109 🚀
⛔️ SL: 0.072 by closing D1 below
