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.
ETHBTC trade ideas
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.
ETHBTC Good sign for alts in short termOnly 3-4 times RSI on this pair got oversold.
Bullish Div on Weekly for ETH/BTC
A nice pump for ETH comes soon.
And then Alts
A short term
Get out when BTC at 48-51k
ETHBTC - UpdateA large bowl structure or rounded top forming for ETHBTC
Currently still experiencing a bearish phase but when completed a bullish move can ensue.
I expect this move to be along the green dotted line as it is a major trend line for ETHBTC.
Lets see what happens.
ETH/BTC Bull Run starts on altsWe have an incredible opportunity! Alts are going to skyrocket. ETH going to make a huge leg up!
Ethbtc~18% back to the major downtrending line
0.05 appears to have held...
Some room for eth to continue on this chart
Houston we are waiting for lift off !I think ETH BTC will break resistence once btcusd hits its resistence
just dont do too much leverage ,
give this some time...
its inevitable !
$ETHUSDT: Trend signal and possible bottom in $ETHBTCI think this is a low risk juncture to long Ethereum if you're not in it already...
BINANCE:ETHBTC has a buy signal from yearly scale support area...
Let's see if it gets follow through within 5 days, it should march steadily higher in that time, the hold up and base for longer, then breakout again, rinse repeat (if trending).
If it's not a reversal it might just hit the upper Bollinger Band with some kind of rapid surge of strength, and drop again, or just fail to rally altogether and go back under 0.05223 ASAP.
Best of luck!
Cheers,
Ivan Labrie.
Is it finally ETH season? Ladies and Gents, we may be entering ETH season.
Finally! Finally we get some action on this ETH/BTC chart. I've been waiting for a breakout, either to the downside below 0.05 or above the descending triangle we've formed over the past 7 weeks.
ETH has a pretty clear path to get the upper descending trendline which would be 11% outperformance against BTC. Then it'll be a battle for whether it truly is ETH season.
Short-term forecast: bullish on ETH/BTC
Longer-term: will re-evaluate and update this post in the coming weeks.
Let me know what y'all think. Is this ETH season?
- Sultan of Chart
ETH should outperform bitcoin from this pointA perfect wedge pattern is playing- if this plays out it should be up from here for ethereum being a pure paly on global liquidy.
#ETHBTC - #Wyckoff & #Volume & #Divergences & #Sentiment#ETHBTC
The Broadening Wedge has a track record of being one of the most brutal patterns for emotional Traders to navigate, but if we peel back the layers to see what's happening of actual importance, that's when things start to get really interesting, IMO.
This is very possibly a textbook Wyckoff bottom. It's presenting all the signs of what we want to see plus #ETHBTC has a history of combining extremely low sentiment with ruthless patterns.
But once again just focus beyond the noise of PA and we can see what is volume or lack thereof in all the right places, paired with stacked divergences.
Nothing is 100% certain in this place, but based on probabilities gauged over history and the rest of the story, I know what I'm doing...
ETH/BTC has reached support!!!On December 20, 2023, the ETH/BTC ratio reached an important support, namely 0.049. As it touched the coins in the ETH ecosystem rose sharply, ARB, OP and others. My opinion is that we are at the beginning of the ETH Etf narrative that will be doubled by an upgrade in the Eth chain, namely Cancun. Targets on the ETH/BTC ratio would be 0.058, 0.064.
ETH/BTCDon't want to lose support here.
ETH/BTC is compressing right on range lows. It's likely that the ETH/BTC market will soon see a large volatility expansion. This also aligns with our idea of BTC/USDT stalling and rotating into ETH.
Never gonna happenThey say this, I am a cartoon pepper. I think ETHBTC has suffered a lot and deserves a chance.
All it takes to revive the ETH narrative is a small pump, price appreciation is the most bullish narrative for coins that are disregarded. Cheers.
Ready For Alt Party?! This Index Is Very Important For The Future Of Alts, And I Expect ETHBTC Will Start a New Bull Rally Soon By Breakout From The 0.055 Resistance Level
🔥 SUM UP : ALT PARTY IS COMING
ETH/BTC Bullish DivergenceGood morning Folks,
Season greetings, currently you will see ETH/BTC with one God like candle this is a very bullish sign for altscoins and once its breakout of this falling channel the target is around .065 , we will get a alts coin rally.
ETHBTCWatch out..
If ETH begins to outperform BTC, breaking out of the descending wedge... other altcoins will follow suit.
Cipher SMC is a trading strategy that involves understanding market structure, supply and demand concepts, and liquidity concepts. It is a mechanical strategy that helps traders identify potential trends and reversals by providing insights into the buying and selling pressure in the forex, stock and crypto market. The strategy allows traders to locate imbalances in the market and provides more information about the market when it opens and when it closes. It is recommended to have a solid foundation with regards to market structure before using this tool. Use these concepts alongside other concepts such as Order Flow, Structure, Liquidity etc to build your overall story! As always, keep it Simple and Systematic and you will be just fine ;)
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📊#ETH/BTC may rise through a double bottom long structure📈🧠The larger the ETH/BTC exchange rate is, the trend of ETH will gradually become stronger, otherwise it will be weaker than BTC.
✔️At present, we have formed a double-bottom long structure after breaking the inflection point at the bottom of the exchange rate, which means that ETH will continue to strengthen.🚀🌕
➡️Here you can convert part or all of the spot into ETH to hold and wait.☕️
⚠️Note that if we break below the bull defense, it means that the bull structure is broken, which means that we still need to adjust. If the last bull defense point is also broken, then the subsequent ETH will always be weaker than BTC.
Let's see👀
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ETHBTC long term chart in danger of crashingI think after the Bitcoin ETF is approved in early January, ETHBTC will crash hard towards the 0.033 area. This will have a huge effect on ETHUSD pair. I assume there will be sell the news on BTC and that will put even further pressure on ETH.
I will put a separate chart on ETHUSD to show some possible targets, but they will be quite low :-)
Good Luck!!!
