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ETHBTC trade ideas

#Bitcoin Bulls Press On, Will ETH Gains Be Reversed?Past Performance of ETHBTC BTC is ahead of ETH, looking at the arrangement in the daily chart. The recovery is albeit a solid performance of ETH in the past few days. Overall, from a top-down preview, Ethereum buyers remain in charge. This is further supported by the fact that the BTC lead has been at the back of decreasing volumes in the past few trading days. The longer-time view pattern favors ETH bulls from a volume analysis perspective. #ETHBTC Technical Analysis The April 26 bar ended lower and volatile. There were attempts to stem losses leading to a long lower wick suggesting the presence of ETH bulls. This, coupled with the fact that ETHBTC prices are still bound inside the recent bullish trade range, favors the upside. Still, it is until there is a buildup, ideally above 0.067 BTC with increasing volumes. For now, how prices react at 0.065 BTC would shape the immediate term with the awareness that losses may strengthen BTC, forcing prices towards 0.062 BTC. What to Expect from #ETHBTC? BTC bulls are pressing on, and there are a series of lower lows at the back of decreasing volumes. Even so, how prices react at 0.065 BTC today might determine the near-term formation. Conversely, there must be a conclusive close above 0.067 BTC for ETH bulls to resume the uptrend, aligning with the upswing from mid-April 2023. Resistance level to watch out for: 0.067 BTC Support level to watch out for: 0.065 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
✳️ Ethereum vs Bitcoin & Elliot Wave Theory | #OKXIdeasHere we have a chart for ETHBTC with a perfect Elliot Wave sequence... Let's dive into it! - First, we have a 5-Up Wave pattern, it starts 11-Apr. and peaks 18-Apr. - Second, we have a perfect Zig-zag or ABC correction. (Notice that this correction ends right at the 0.618 Fib. retracement level with a Doji, EW is big on Fib. proportions. This is also supported by increasing volume and a bottomed out RSI). We have the perfect 5-Up and then the ABC... What follows, is a new impulse based on EW. This setup is invalidated on a close below the 26-Apr. low. This is not financial advice. Thank you for reading and for your continued support. 
Namaste.
Long
by AlanSantana
10
Ethereum Hasn't Reached 1.5x Target of its HSiThe eth/btc pair confirmed an inverted HS a while back, and hasn't yet reached its TP2 (or a 1.5x measured move from the neckline). It hit TP 1 and has since consolidated between TP 1 and the 0.5x halfway mark. It may get a chance to test that area again, potentially even falling into the Accumulation Zone shown on the chart, which might be a good spot to increase position. It also may not. Look for an eventual move to TP 2. Alternatively, I think there's a chance it could fall as low as ~0.025, making a move symmetrical to the one on the far left of the chart before finally firing back up towards 0.1 and higher. See links to related ideas below, including the alternate move back down near 0.025.
Long
by dudebruhwhoa
ETHBTC may be putting in a major fakeoutAs usual, what follows isn't financial advice but a mere observation. This idea is to be considered as a follow-up of the one that can be found linked below. As explained in my last study, we're witnessing extremely low levels of volatility on the weekly timeframe for ETHBTC. While price action wasn't exactly confidence-inducing until a couple days ago, tides might be beginning to change. We can observe how since july 2020, the 21EMA (yellow) and the 55EMA (green) have never had the chance to bearishly cross. This brings me to a very simple point, if we can see a weekly ETHBTC close above both EMAs, essentially producing a fakeout, the idea that the expansion phase coming from this extremely low volatility environment will be to the upside will begin to appear more probable. The horizontal ray that's marking the march 2023 high (0.073544) is the obvious line in the sand for me, a weekly close above that level will make me consider that ETHBTC is putting in a major - possibly even macro - low. Keep in mind that as long as the price keeps being held down by both the 21EMA and the 55EMA this is just a possible scenario waiting to unfold, but still unconfirmed. Furthermore, a weekly close below this current week low (0.062037) will very likely result in a much more severe downside continuation, with targets already discussed in the idea linked below. Whatever happens, stay safe and wait for confirmation.
by Andewyl
ETHAccording to news on April 20, the snapshot voting page shows that the ApeCoin community’s AIP-230 proposal of “donating HKEX:1 million to the Ethereum community” has been voted by ETlob. Donated 300,000 US dollars, sponsored 700,000 US dollars to 11 ApeCoin hackathons and at least 5 public welfare activities, as early as responding to V God’s call for Ape public welfare products in 2022. The final support rate of the proposal vote was 46.21%, the opposition rate was 29.96%, and the abstention rate was 23.84%. In the ApeCoin voting mechanism, abstention does not affect performance results.
by Cathy_1
ETH beginning to show potentialCurrently we are seing BTC dominance fall to a neutral trend territory: What does this mean for alts? When the market goes up and BTC dominance begins to weaken, that is often a sign that alts will begin to outperform for a period. We could see alt dominance bounce up to 11% before we see a recession and everything goes down again (maybe) Outlook on ETH I see ETH hitting the target (2492) if we don't see a major weakness in the market caused by external factors
Long
by IkkeOmar
Could #Litecoin 3.4X versus #ETHEREUM holy smokes!!!I highlighted a inverse head and shoulders to kick off the #litecoin's halvening bull run It has in my opinion now broken to upside --- woo hoo but digging into some croos coin analysis against #ETH found some stunning potential of upside against the number two coin 3.4X on the table 0.05 LTC/ETH to 0.16 LTC/ETH this hugely significant as we know ethereum should outperform #Bitcoin All this leads to a very powerful #altseason in the works!
Long
by BallaJi
#Ethereum Recovers versus Bitcoin, Next Stop at 0.072 BTC?Past performance of ETHBTC Ethereum bulls are in control as the coin tears to register new highs versus the greenback. Meanwhile, the coin reverses losses against BTC, looking at the formation in the daily chart. Overall, for now, the path of least resistance is northwards, and aggressive traders may look to align themselves with gains of April 11 and 12. Those two bars had high rising volumes and found critical support at 0.062 BTC, marking March 2023 lows. If buyers build on from here, ETH may rally to Jan and February 2023 lows in a refreshing retest. #ETHBTC Technical Analysis Buyers are upbeat, and ETH buyers are in control. The double bar formation of April 12 was capped with rising volumes on April 12. Subsequent gains on April 13 completed the follow-through, suggesting that the reversal is well-anchored. Therefore, per the current formation, any dip above 0.062 BTC may allow bulls to load on dips targeting 0.072 BTC or more if ETH bull bars are with expanding volumes. What to Expect from #ETHBTC? After weeks of lower lows that saw ETH lose roughly 20% versus ETH from January peaks, the trend is reversing. Buyers are now in the driving seat. Every contraction above 0.062BTC may offer entries for optimistic traders angling for March 2023 highs or better. Resistance level to watch out for: 0.072 BTC Support level to watch out for: 0.062BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
ETH will lose against BTCSince the last bear market in 2018/2019 ETH was gaining in dominance against Bitcoin. It is clear that ETH could show similar weakness against BTC like last bear market. Considering that a recession is highly probably, I have marked two simple scenarios: — ETHBTC will retest the rage lows at 0.056 — If this level does not hold, we could see a retest of the 0.03 area. This will probably match with the theory of a three digit ETH (look at link to related ideas). Cheers and good trading!
Short
by zonetradingsz