ETHBTC, waiting for a 2% PB to manage riskETHBTC, waiting for a 2% PB to manage risk
Stop behind the vPoC, low volume zone
ETHBTC.P trade ideas
ETHETH should hold 0.066
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ETHBTC◻️ETHBTC I expect the annual trend to break.
◻️If you take it apart from the technical side: I would not consider this asset now, after the trend breaks. Exceptionally short.
- Input: 0.068
- Take profit: 0.062
- Stop loss: 0.071
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ETH/BTC - Long Term Top Ethereum's ratio to Bitcoin has been consolidating for nearly 13 months (left). In 2018, Stellar Lumens (right) consolidated against Bitcoin for roughly 11 months before dropping off a cliff. Will the same happen to ETH here? It will need to maintain the uptrend, held since 2016. Any larger decline from here will result in a breakdown from this channel, which I think has pretty terrible implications for the 2nd largest cryptocurrency. A break ABOVE the channel would likely invalidate this bearish idea in the short term, and could result in a new all-time high for the ratio. Not sure this is likely.
I believe ETH's value has been inflated by the NFT and DeFi bubbles, as seen by the immense premium speculators are willing to pay just to transfer tokens on the network (high fees). DeFi is really starting to look less and less appealing, as scandal after scandal has started to make waves across the cryptocurrency space, in an atmosphere that has already been quite negative. Right now, market participants are fleeing collapsing altcoins in favor of ETH, as can be seen by its increase on the ratio during market turmoil. But I think it's possible this does not last. XLM/BTC moved up momentarily right before Bitcoin collapsed in late 2018.
What more does ETH have going for it, aside from the merge, which is still a ways away? Still many have their coins locked away for staking, even as APY comes down on many platforms. I think people will be less and less willing to hold ETH, and that this period of consolidation will turn out to be distribution, leading to a precipitous decline. Ethereum has so far been unable to touch the previous all-time high against Bitcoin. If it breaks down before succeeding to do so, this would suggest that ETH is actually in a long term downtrend against Bitcoin (like most alts), and would have a hard time recovering on the ratio.
Many altcoins are in freefall against Bitcoin and ETH, yet Bitcoin dominance remains stable just below the 50 week MA.
If dominance breaks the 50 week, I think we can see the end of distribution for ETH.
On the upside, we would need to see the ratio head above 0.088 and sustain to consider a new all-time high. If this occurs, the entire market may also want to make a new all-time high. Since I think this is unlikely in the near-term, it also follows that I think a new ATH for ETH is also unlikely. Let's see what happens!
This is not meant as financial advice - this is meant for speculation and entertainment only.
-Victor Cobra
ETH BTC SHORT RIP FOR ETH guys
that's eth btc chart and looking going to drop so hard the daily on eth we already in down trend take advantige on this short expect this drop to be tomorrow sydney open tokyo hong kong .
that's m pattern be safe all good luck
ETH/BTCimo eth/btc has been holding well and we have a massive ascending triangle pattern which is the blue triangle.
inside of the ascending triangle pattern we have formed a bull flag, i have measured the target of the bull flag which is the upper resistance of the ascending triangle
ETHBTC our Call is still INTACT!🔥🚀🍺I still see ETHEREUM outperforming this market in a few weeks or even sooner. Hold on 'Ma Fo!'
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Head and Shoulders could Take ETH Down to 0.01 BTC and/or $600We have a decent looking Slanted Head and Shoulders Pattern developed on the ETHBTC pair that could take us down to the next support at 0.01 BTC while at the same time the USD pair looks to want to see $600
ETH gave up to BTC finallyWhat makes me think that we are set to pull back. I know the situation is dangerous, don´t bet what you can´t loose.
But 24500 should be the strongest resistance now, it needs to breath over 30k ish so it can maybe really test the 200 weekly average.
I it goes right away to the 200 weekly I am going all in, what can I say. In BTC and ETH ONLY!
ETHBTC is still a goThe market is in a pretty bad way but that is only if you care about the dollar value. If however, you like to trade in ETH and BTC pairs then not much has changed. ETHBTC still looks good, after a take profit signal a couple of weeks ago it is now back above the moving average and pushing higher. If you are going to be stuck in anything, better to be stuck in Ethereum.
Ethereum on the verge of a breakout?Did it really take you one full year to realize that your favorite layer 1 is just a piece of shit?
Let's get back to business. Eth/btc has been consolidating for one full year inside this triangle, fake breakouts on both sides
The Merge is near. Terra capitulated, crumbling the layer 1 narrative to dust. Now it's time for Ethereum to shine again
Price is consolidating above triangle apex and EMAs, strong volumes coming in on the daily
This can be something
TP 1: 0.085
TP 2: 0.12
TP 3: 0.15
ETHBTC ! Formation of pre-breakdown consolidationUptrend. After the breakdown of the consolidation resistance, the price forms a range between 0.07596 and 0.07328. The price is accumulating energy for a possible further movement
After the extreme test of resistance 0.07596, the price returns to a near resistance retest and consolidates near the level, gaining energy for growth
I assume a breakdown of resistance followed by a price increase along the trend: in the short term - 0.07777, and in the medium term - 0.08147
Sincerely, R. Linda!
Is ETH ready to outperform BTC?We published ETH analysis back in March 2022. Back then we did the analysis not because we wanted to trade it but because we wanted to verify our hypothesis. We would say, it kind of verified our hypothesis.
What happened was ETH broken above our fibonacci extension golden pocket and touched the fib speed resistance fan 0.618 line. After that it comes back to our golden pocket as a retest and bounced back.
What is happening right now?
We added new Fib Speed Resistance Fan based on the weekly swing high and low. We found that ETH broke out of downtrend 0.618 line a week ago. You can also see that this line is now acting as a Support.
From here, we are ready to take off to 0.08 area in coming weeks/months. I would like to guess it would be in June/July.
What is the risk?
Due to general market conditions, there is a small risk that it might broke below the golden pocket and retest to lowest level of Fibonacci Channel (marked with yellow rectangle).
These analysis and studies are not financial advices.
ETH the 1st Candidate that will Outperform BTCYeah! I told you guy I will be posting candidates that are likely to outperform BTC, Here you go:
ETHEREUM is showing a 'BUY ME LIKE CRAZY' signal.
Entry is still good as at the time of this alert.
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demand areaIn case of loss of support 0.07, the next purchase range is 0.065
In the most pessimistic case, the range indicated in the image is visible
ETHBTC LOOKS WEAKStoch RSI looks overbought and RSI 14 looks like it wants to test lower levels. I hope eth lose its strength against btc and get to see it at 1.5k again soon.
