ETHBTC trade ideas
ETH STEALS THE SHOW, BREAKING OUTI have been beating the drum on this, so I won't waste much of your time.
We have confirmed bullish divergence with RSI coming out of oversold on the weekly chart. Further RSI has broken descending resistance, which almost always leads to price lagging and doing the same soon after.
You can see that price was rejected EXACTLY at descending resistance, for now.
Everthing we were watching for on this pair has happened, as ETH steals the show.
$ETH and $BTC Price Level in USD to achieve $ETHBTC ATHI'm going to put this straight forward simple.
BINANCE:ETHBTC , essentially representing the price ratio of Ethereum to Bitcoin, serves as a key indicator of market dynamics between these two leading cryptocurrencies.
Due to the recent Break Of Structure on this Chart, I was curious enough, at what prices are we looking at in USD, in order for the ATH to break.
Last ATH was on June 12th, 2017. Prices at that ATH were following:
ETH: $414.8
BTC: $2980
According to my beloved friends ChatGPT, he could give me many scenarious, at which the ATH at 0.15636 would have be broken. Regarding of the multiplier, you get a different answer, here few very possible for me at this stage of market.
Multiplier: 1.5
New Price of ETH: $3,766
New Price of BTC: $24,085
Multiplier: 1.7
New Price of ETH: $4,269
New Price of BTC: $27,302
Multiplier: 1.9
New Price of ETH: $4,771
New Price of BTC: $30,513
Multiplier: 2.0
New Price of ETH: $5,022
New Price of BTC: $32,118
Multiplier: 2.2
New Price of ETH: $5,524
New Price of BTC: $35,329
Multiplier: 2.4
New Price of ETH: $6,026
New Price of BTC: $38,539
This might be the biggest signal, showing Ethereum has a lot of potential in the upcoming Altcoin Season / Bullmarket.
Not trying to convince anyone, just speculating on some interesting numbers.
Feel free to come up with more different scenarious. 100k for BTC & 15k for ETH might also be possible :D
ETH/BTC - Shady View for now . Weekly a bit confusing , Though the Weekly candle is insane , This area is a bit shady now , we are still hours away from a weekly close, i prefer waiting for a weekly open for more clearer view.
ETHBTC RETESTING BROKEN TRENDETH/BTC is risen recently but I believe It is just retesting its long term broken trend. Harsh dump is possibble after this price action.
ETH/BTC ?The chart is very bullish,
A sign that liquidity started moving from BTC to Eth and hopefully to ALTS
Similarities to Wyckoff AccumHere's that image again as I am seeing it, it usually gets messed up when publishing a chart so I've saved it here:
Though this is not coming out of a downward move, the pattern looks incredibly similar to Wyckoff Accum Schema # 1, and just coming out of the Spring, moving towards LPS and then SOS.
We could see a strong move up for ETH here. I have shown some bearish outlooks in the past, this is a bullish one. Bitcoin Dominance is also looking bearish atm, while Other.d is looking bullish. Eth.d is a bit neutral however.
ETH Weak VS BTCEtheruem is looking extremely weak at the moment, we have just broken a ercent swing low and looking downwards towards the previous range.
I have a few levels below that give me confluence to believe that ETH will drop as well as many altcoins unless we absoultely find a bounce and soon.
Below you can find the Previous Range point of control marked in Blue.
We also have a weekly level which fueled the latest massive rally.
And lastly a long term upwards trendling dating back nearly 10 years to 2015, and it comes in perfectly with all the other levels making it a massive support zone.
This may mean signal BTC pulling away or maintaing its price level. Albiet, the candles below us would suggest a swift move to the downside as opposed to a slow bleed.
I will be watching this to be a potentiall accumulation period for ETH.
🔥 Ethereum ETF Hype At The PERFECT Moment: Time To Shine!Now that BTC's spot ETF is officially live, investment banks like Blackrock have already started talking about a potential ETH ETF. Interestingly enough, this happened at the perfect moment, TA-wise.
Right as the ETH/BTC valuation has hit a major support, bullish ETH news comes in, which naturally has lead to a big bounce in the ETH/BTC price (ETH is outperforming BTC). What a coincidence...
With ETH getting it's time in the sun, we might actually confirm the bullish channel on the ETH/BTC pair and continue the bullish trend all the way towards the top resistance. With ETH's ETF to be announced, this value will likely continue to go up.
Do you think ETH will outperform BTC over the next few months/years?
ETHBTC about to play rangebreak above red line then retrace, if it hold the blue line, i am convinced that ETHBTC wants to expand to range high.
Support for ETH/BTC at a turning pointIt's taken quite awhile to get to an attractive entry point for ETH/BTC but it finally looks like we are approaching that level now.
ETH HOURLY SHOWS THE WAYThe fake approval of the ETF two days ago showed us the way, as I said. Ethereum immediately went up on the fake news, which indicated that it would do the same on a real approval.
That's exactly what happened, on serious volume. We are now seeing follow through.
Beautiful.
ETHEREUM BREAKS OUTI have been screaming about Ethereum for ages to anyone crazy enough to listen. There are countless reason why I believed that it was bottoming over the past few weeks and months, due to sentiment, fundamentals and technicals. My favorite indicators were all aligned - people saying the asset was “dead” that it would not have another cycle, that there was no use, that it was too expensive and slow, that only Solana mattered etc. All of this while it was hitting oversold on the weekly and forming bullish divergence, signals with 100% hit rate on Ethereum.
Here we are. The second we saw the ETF approved, the money flowed from Bitcoin into ETH and the surrounding ecosystem. We currently have a massive bullish engulfing weekly candle (not closed yet) with a huge wick through the last key support, all with RSI coming out of oversold and bullish divergence. RSI itself is working on a breakout through resistance, which I discussed yesterday. That almost always leads price if the breakout is successful.
All of the signals were there if one was able to remove their emotions and the noise.
This could fail, I could be wrong. But for now things are looking very good.
ETHBTC - The Final Support and The Final CallBitcoin has been very dominant and managed to push ETH all the way to the final support line. This is a 4 years old diagonal support which crosses with a 6 years old horizontal support line.
Please tell me if I am wrong, I see a three patterns when zoomed out;
First is a massive rising double bottom,
Second is a massive cup and handle,
Third is a massive inverse head and shoulders.
All indicators seems to have bottomed out as well.
And on the other hand, Ethereum network is very active, wallet count is increasing, burning mechanism is working well; in the last 30 days -39,767.33 ETH were burned. It is simply deflationary.
My observation causes my instincts to tell me that this is the final call before the big flippening narrative starts to be spreading again.
I know BTC is the key player in crypto, but I dont see ETH getting crashed any further againts it.
Do you see any bearish patterns or signals? Please let me know in the comments if you agree or disagree with me.
$ETHBTC- when alts ??reclaim range low and long any alt u fancy ..
btc pop;s up this could tag ealrier range high then impulse up
watching for now . . long mask n waiting on a reclaim to deploy more in alts
dominance also at 55% for btc where it did get hammered down last time
ETH rumours could push it up further but 60% is my max pain scenario for alts
lets see how it unfolds ..
ETH/BTC breaking down due to BTC strength ETH/BTC Is not looking good
⚠️Lost Diagonal Support
⚠️Lost 200 Week Moving Average
⚠️Lost June 2022 lows
Could we see a repeat of the last cycle with a dip into the blue zone for 10 - 12 months with a 30%+ decline? I suspect a shorter timeframe, what do you think? CRYPTOCAP:ETH CRYPTOCAP:BTC
PUKA
Ethereum PUMPS on Fake SEC NewsEveryone is concerned with what Bitcoin will do when the ETF gets approved.
Yesterday's insanity gave us the road map... traders will rotate into Ethereum. Huge move the second it happened, major volume.
ETH WEEKLY BULLISH DIVERGENCEI have been watching this for many weeks, so there are no surprises here. Yesterday, Ethereum wicked down below key support, before pumping massively. The candle is far from closed, so it is too early to celebrate, but for now we have significant bullish divergence with oversold WEEKLY RSI on Ethereum. If you want further confirmation of this reversal, wait for RSI to break the descending resistance as price almost always follows.
Either way, you know that I have been patiently waiting for the signal that Ethereum is preparing a sizable move. We are starting to see it.
ETH BITCOIN BOTTOMIn my opinion this is the bottom for ETH vs BTC, Why?
- Too many people has become bearish on ETH
- Too many people forgot about ETH
- Cannot deny their pyramid / masonic logo
- ETH Devs know how to pump their bags and they leaving that easy
- Many more but I got stuff to do and thats too much info for yall anyway
Cheers
ETHBTC LongI think ETHBTC has bottomed, if not will bottom this month.
that in turn means that BTC.D has topped
which means alts will have more legroom.
Can go on binance and long the ETHBTC Perp in futures.. best average entry is .0513 with daily SSL (soft stop loss) on .04949
Could be more than a couple years until we see ETHBTC or BTC.D at these levels.
ETH about to move with ETHBTC stophunt of cycle lows??Stophunt of old points of resistance and support can often lead to a reversal
Now that price has grabbed potential liquidity and stops set for previous lows.. price can now reverse. ETHBTC has hunted that liquidity grab or stophunt as we call it. That gives it room to now reverse.
Failed breakdowns can fail fast
If this breakdown does fail then have to be prepared that failed move fails fast. This is likely to be from a strong ETH breakout. If that is the case then ETHUP products may have a great deal of upside.
If the breakdown continues then dont want to be caught
Watch out for price going back below the point of reversal as it could drag lower and dont want to be stuck in the losing position
2024 is the year of $ETH and $ALTS!ETHBTC pair is showing a weekly divergence (not confirmed until weekly candle close).
If the RSI divergence forms, we can expect ETH/BTC to rally to its previous ATH until June, and possibly discovering new highs after that (if the narrative doesn't change).
I have to mention that with the current status of the market and many people shifting to other L1s, This ETH/BTC strength may fail. So Vitalik, come on!
