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.
ETHBTC trade ideas
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!
ETHBTCNO TALK JUST WATCH, Either Altcoins rally from here or perhaps more dropdown before final pick for the bullrun. Im ready for whatever side
Ethereum/Bitcoin - Testing 2021 Breakout Level? In this technical analysis, we will examine the Ethereum to Bitcoin (ETH/BTC) trading pair with a focus on potential price movements in the near future. The analysis is based on the assumption that Bitcoin could experience a significant upsurge upon the approval of a Bitcoin ETF.
Historical Overview:
To begin our analysis, it's crucial to understand the historical context of the ETH/BTC trading pair. In 2021, Ethereum (ETH) showed remarkable strength against Bitcoin (BTC) and witnessed a breakout from a multi year downtrend, resulting in an impressive rally for ETH.
Key Levels:
a. 2021 Breakout Level:
One of the significant levels to watch is the breakout level that Ethereum achieved against Bitcoin in 2021, this level could act as a strong support.
Bitcoin ETF Approval:
Keep a close eye on any developments regarding Bitcoin ETF approval, as this could be a significant catalyst for Bitcoin's price.
Potential Scenarios:
Based on the analysis, we can consider two potential scenarios:
a. Bullish Scenario:
If a Bitcoin ETF is approved, and Bitcoin experiences a significant upsurge, it could lead to a decrease in the value of the ETH/BTC pair. This could result in a test of the 2021 breakout level as support.
b. Bearish Scenario:
If the Bitcoin ETF approval does not materialize, the ETH/BTC pair may continue to trade within its current range, without revisiting the breakout level meanwhile we could expect a market wide dip on their USD and USDT pairs.
Risk Management:
It's essential for traders and investors to have proper risk management strategies in place, including stop-loss orders and position sizing, to mitigate potential losses in any scenario.
Conclusion:
The ETH/BTC trading pair's future price movement will be influenced by various factors, including Bitcoin ETF approval. Traders and investors should closely monitor the technical indicators and news developments to make informed decisions. The 2021 breakout level serves as a critical point to watch, as it could determine the direction of the pair in the coming months. Always remember that cryptocurrency markets can be highly volatile, and risk management is crucial in trading.
Not financial advice
Have a chart to share? Post it down below!
ETHBTC bear market wave count is full. Market reversal imminent?Ethereum has been lagging the growth of bitcoin by some margin all year. The ratio of its price to bitcoin has been on decline.
Long-term tracking of the Elliott Wave count of the ETHBTC market now indicates that this bear market cycle for the pair is over, as we can fully account for completed waves, while simultaneously hitting the long-term support trend line.
Therefore I am forecasting that we are about to see a trend reversal for the pair, so that Ethereum may rally faster than bitcoin into the new year.
#ETHBTC at Key levelHistorical (2020):
Pre-Bitcoin Halving Pump (January 7 - February 15, 2020): There was a significant increase in Bitcoin's value leading up to its halving event.
Post-Pump Correction: Following this pump, the ETH/BTC pair corrected downwards until the actual Bitcoin halving event.
Post-Halving Surge: After the Bitcoin halving, the market observed a notable surge.
Current Market Observation:
ETH/BTC Analysis: Currently, there's a bullish divergence observed in the ETH/BTC pair across various time frames. While the price is declining, the Relative Strength Index (RSI) is trending upwards, indicating potential strength in the market.
Future Speculations:
Bitcoin ETF Approval (High Probability) : You anticipate that there's a 90% chance of a Bitcoin ETF being approved.
Impact on Ethereum (ETH): Following the approval of a Bitcoin ETF, you expect that an Ethereum ETF might become the next focal point in the market narrative.
Critical Support Level: For this bullish setup to remain valid, it's crucial that the bulls defend a specific price point, which you've identified as 0.047 satoshis.
Uncertainty and Expectations:
You acknowledge that while the setup looks promising, it's still uncertain whether the patterns observed in 2020 will repeat. Time will reveal how the market dynamics unfold.
My analysis combines historical market trends, current technical indicators, and future speculations based on possible market catalysts like ETF approvals. It's a comprehensive view that considers various factors which could influence the cryptocurrency market, particularly the relationship between Ethereum and Bitcoin. Remember, cryptocurrency markets are highly volatile and unpredictable, so it's essential to approach such analysis with caution and consider various scenarios.
Ethereum potential -85% vs BTC price (Triangle has broken) 8 YRS
I still watch this pair every day even though I dislike the entire Ethereum ecosystem.
But we have seen the triangle pattern wick down indicating strength is dropping by too much from the BTC price flows, this pattern has been forming since 2016 that is 8 years!.
And please not this is before the Spot ETF flows has commenced, I don't really see a way Ethereum can recover from this if it starts to accelerate.
There's no easy way to safely short the ETH/BTC and again there's more profit on the Bitcoin long side that inherently will decay the ETH/BTC pair.
And also I still know the Ethereum community is as fragile as francium-223 meaning it won't take much for the Ethereum experts to capitulate back into Bitcoin.
A Word Of Caution For Ethereum ETH/BTC
Great spot for a very small speculation entry.
Normally when price consolidates like this it is a balance between the demand / supply in the open market, problem is once it sways to one direction it will be violent.
I still see the possibility that BTC hitting a supply shock to over $140,000 will destroy this pair harder than what happen with LTC/BTC.
(note) Ethereum can still rise in price during this but if you don't price it in BTC you can't navigate if the value gain is flowing in from the top of the market or bottom.
I wish this chart would do something. . . .
Most of the volume from ETH is getting sucked into Solana because it does work faster, this has always been the problem with ETH for me is that it can easily be replaced, people want fast stable coin transfers regardless of the blockchain.
But in the future if someone provides something better than Solana for USDT / USDC transfers, SOL again will be the victim of this trend.
LTC early on for those who don't know was used as a proxy to transfer value exchange to exchange to trade BTC IMO it was the stable coin of the early days.
ETH - POTENTIAL WEEKLY BULLISH DIVERGENCEAn update on last week’s chart. ETH has finally made a lower low on price vs. BTC on the weekly chart, something I have been watching for for over a month. This gives us potential bullish divergence coming out of oversold RSI on the weekly chart, a huge signal of future upside. Weekly divergence can take months to play out, and we can see the divergence remain valid even with much further upside. Further, it does not even become a divergence until we see a clear elbow up on RSI to give us the confirmed higher low.
This adds to my conviction that ETH will outperform in 2024. I am starting to nibble again.
Why Whales Buying ETH ?If you look at the supply-demand ETH/BTC pair historical chart and BTC halving you will see the correlation with every halving and a bull run.
There are ways to interpreted
I always find the ETH/BTC pair as another "tell" or tool to reference the overall market trend
Blockchain Bull and Bear Cycles RoadmapThe future is already written on cycles. Waste no time, the demand for ETH and ALTs is about to explode and you should be paying attention because right now is the best time to change all of your BTC for ETH and enjoy a more profitable run.
After we get the current support, the bear will begin only in 2026 at resistance, while the next bull is already scheduled for 2028.
See you there.
ETHBTC not above 31MA: ETH bleeding until 2025Q1?Last time ETH started to dominate BTC after hitting two times the 31MA. This may take still a long time to arrive. Coming weeks should be the determining moments for ETHBTC ratio.
WILL ETHEREUM FINALLY PRINT BULLISH DIVERGENCE?I have been sharing this idea for months, ever since Ethereum hit oversold on the Bitcoin pair for only the fourth time in history. Each of these incidents has marked a bottom.
This time we also have potential bullish divergence, which will require a weekly close below .052. Right now price is there. This would make a higher low on RSI and a lower low on price. Next we would need to see a clear elbow up on RSI to confirm, so this could take a few weeks yet to come to fruition.
Weekly divergences can take a VERY long time to play out. It does not mean this is the bottom, but it is a clear sign of bottoming and one that I will be buying aggressively with bullish Ethereum in mind for 2024.
ETHBTC - Potential Bottom (Channel) A curved channel clearly showing bottoms and peaks. A rise to the middle of this channel would put ETHBTC at around 0.12.
Big rise.
ETHBTC 70% upside opportunity within range HTFETH/BTC is now in HTF range bottom with an upside opportunity of 70% until range high. Ethereum ETH is the only other cryptocurrency beside Bitcoin BTC that is now being considered for an ETF. Everyone's attention has been disproportionately given to Bitcoin, while TA and inflow models show both range-low price and reaccumulation patterns. Range top target is 0.086 ETHBTC. It may or may not subsequently go higher than range top. That will require a follow-on assessment.
Bitcoin Maxi hopium ETH/BTC bearish long term?The Eth/Btc chart is reaching a critical decision zone with the orange trend line going back 7 years. I confirmed break down could signal severe underperformance by Ethereum relative to Bitcoin silencing the flippening narrative and giving the maxis something to cheer about.
I think Bitcoin is a long term hold until things get astronomical. 2024 could see highs of 54.6k and lows of 23.4k, perhaps closing the year around mid 30s. 2025.
(850k by 2027) dip to (250k - 2028) then finish the bull run of all bull runs in all markets around 2030 to $1.7 million. I'm currently in BULLTARD mode. Then MEGA CRASH of all MEGA CRASHES. I hope the CAPS gets you excited for what may be to come.
