ETH/BTC MonthlyLosing the macro ascending trendline is not a great look but also not a huge fan of diagonals with more respect given to horizontals. There is potential for a deviation but I suspect BTC Dominance has not topped.
Also losing monthly support order block.
A close below 0.049 could see this heading to high 0.03's-0.04.
ETHBTC trade ideas
ETH is about to EXPLODE!I'm not fan of this altcoin, mainly because it has a large market cap (which means most difficult to grow), but what we can't deny is the fact that it's a coin which has been doing it well since ever... Besides that, this coin is the second to grow after bitcoin pumps.
Now, talking about the chart, you can see price is about to break main resistance (red) and is touching channel support of weekly time frame, what means the next objetive of price is upper side of channel (0.060-0.062).
I'm convinced is time to be bullish in crypto!
Cheers!
ETH vs Bitcoin ! support level holding !Ethereum is testing again this resistance level with bitcoin
If this support breaks : its bad for ETH -and and worse for altcoins! (we all know that)
However if we are really in a bull market.. well-this support should hold..
But also it may break briefly to scare the bulls... and weak hands !
My bullish targets are on this chart (as always)
Ethereum domain map 2 This is now the general direction of the Bitcoin Ether chart, and when it reaches the shaded area below, it will head again to test the historical top in the shaded area above.
Note: This is a weekly chart, which means it will take some time to fall to the shaded area below, and the average time to rise again to test the shaded area above.
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ETHBTC Distribution Schematic #2hase A: Phase A in a distribution TR marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is provided by preliminary supply (PSY) and the buying climax (BC). These events are usually followed by an automatic reaction (AR) and a secondary test (ST) of the BC, often upon diminished volume. However, the uptrend may also terminate without climactic action, instead demonstrating exhaustion of demand with decreasing spread and volume; less upward progress is made on each rally before significant supply emerges.
In a redistribution TR within a larger downtrend, Phase A may look more like the start of an accumulation TR (e.g., with climactic price and volume action to the downside). However, Phases B through E of a re-distribution TR can be analyzed in a similar manner to the distribution TR at the market top.
📈Ethereum overtake Bitcoin after Dencun update!📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Ethereum can start an upward scenario on the eve of its update.
The condition for the occurrence of this bullish scenario is the stabilization of the price in the yellow range.
after that, the bullish scenario can continue up to the level of 0.06 and after stabilizing above specified level, it can go up to the channel.
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ETHBTC - 14th March 2024 Ichimoku Weekly ChartETHBTC - 14th March 2024 Ichimoku Weekly Chart
Welcome Pirates!
We have just got a TK Cross on the weekly ETHBTC Ichimoku.
Fisher is heading North.
Sqz Momentum green but waning.
IFish curling down
VZO PZO has bottomed out.
Moneyflow is at the zero line and heading south.
So I dare say there will be a little more downside, but we should see this bad boy turn around back up to the 0.06 zone.
Be on the look out pirates.
Happy sailing the high seas.
f.society, f.police, f.govt, f.politicians.
Snake Plissken signing out!
Peace.
ETH/BTC could be bottoming out and setting up for a huge runThe ETH/BTC price is following a very structured path. It bottoms before the bitcoin halving and then goes on a bull run. It's also formed a triangle which could now be tested on the downside. If it bounces it could lead to a very strong rally. The monthly stoch RSI is also in a bottoming formation.
Will Ethereum dominate?I've been talking about possible macro bullishness of ETHBTC for some time. My confidence has increased since then. I think this chart is about to prove its bullishness.
So here is the idea with better graphics now.
How is this going to interact with ETHUSD?
Honestly, I can't provide a great theory since the dollar pair is just "number go up" atm. Is a blow-off top possible? Will the ATH be a macro resistance? I don't know. Never underestimate the craziness of crypto.
ETH-BTC Ethereum Elliott and Fibonacci structureThis study shows the Ethereum market against Bitcoin in terms of Elliott waves on a grid of Fibonacci trend lines generated from major price points of the market.
This highlights the distinctive triangular structure of trading for several years after the initial impulse of Ether to a Cycle high price.
Ever since printing the initial Cycle wave I, it has traded in a corrective pattern of a running flat with consistent internal 3-3-3 composition (ABC).
ETHBTC updateIt looks like the body of candles broke and closed the last level. Also, it looks like the next entry point for a buy for both ETHBTC would be where the impulse cleared liq. which lines up perfectly with the beginning of 2024. We'll see if its a bullish year for crypto. BUT it could also buy up hard and then dump hard to continue the bearish cycle.
ETH will outperform BTC
ETH/BTC pair forms a typical Accumulation schematic, following Wyckoff method.
In my analysis, it seems that ETH/BTC has likely reached its lowest point as the Spring event in phase C nears completion, paving the way for phase D and a potential acceleration to the upside. The primary obstacle seems to be the local trendline, but this shouldn't pose a significant challenge.
From a long-term perspective, I believe investing in ETH holds greater profit potential compared to BTC. However, this doesn't imply that an all-in approach on ETH is advisable. Diversification remains crucial in any investment strategy.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
IS IT TIME FOR ETHBTC BREAKOUTLooks like ETH is finally ready to breakout against BITCOIN.
A 4 year long ascending triangle breakout is gonna melt faces when the breakout finally happens.
With a lot of factors helping the ETH narrative for the next coming months, a breakout is inevitable and it is gonna be a huge move. Highly bullish on ETH and all the L2'S of ETH.