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ETHBTC trade ideas

ETHBTC - After Rejecting the Downside, We've got an Upside!ETH and BTC have quite closely correlated over recent times, with the price somewhat consolidating in this ever-tightening wedge formation. This wedge is coming to a close soon, but there's still time to profit from a few more swings! We've received a Buy signal from CTv2 shortly after the price tested and was rejected by the lower trend line, this should indicate a move to the upper trend line - total profits of well over 5%, not bad for a few days! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Long
by theCrypster
2
ETHBTC not looking goodETHBTC possible pathway in upcoming weeks and months.Indeed there is nothing certain but this pathway is possible considering the weakness of ETHBTC with lower highs and standing in critical area close to the trend line which has acted as support during the Trend toward upside.A break to the downside can make Altcoin market to bleed heavily against bitcoin which corresponds to idea of bitcoin dominance increasing(in related ideas).RS regions are depicted on the chart.Red line is midline of the bigger range.blue lines are midlines of the midranges on either side of the bigger range.Lets see how its gonna play out…Always a student!
Short
by Keihan95
#ETH Bulls Firm, But Will ETHBTC Slow Down at 0.072BTC?Past Performance of ETHBTC The uptrend remains valid, but ETH buyers have been flowing back. In a retest of the previous support line, buyers found resistance at 0.072BTC. There is a double bar formation signaling weakness. For ETH buyers to take over, there must be strong reversals of yesterday's losses with rising volumes. In that case, ETH will snap back to trend, qualifying the recent bear breakout below the wedge as a bear trap. #ETHBTC Technical Analysis The bear bar of January 24 defines the current formation, placing BTC buyers in the picture. After a 5% gain in the past two weeks, ETH found resistance at 0.072 BTC. If the uptrend is to continue, reversing losses of January 24 and canceling out sellers of late January, the breakout back to the rising wedge ought to be with expanding volumes. Buyers would, should this happen, set sights on 0.078BTC or January highs. Conversely, confirmation of yesterday's losses may trigger more sell-off, triggering BTC demand. In that likelihood, bears may ride the emerging trend, targeting 0.065BTC and confirming sellers of January 24. What to Expect from #ETHBTC? At the present formation, sellers are in control in the short term, syncing with the bear candlestick of January 24. Conservative traders can wait for losses below 0.065BTC before adding to their shorts. Any surge above 0.072BTC will invalidate the bear breakout and likely form the base for a leg up to the January high. Resistance level to watch out for: 0.072BTC Support level to watch out for: 0.065BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
ETHBTC - A Quick FakeOut Followed by 5-15% DeclineHey guys - Just taking a quick look at ETHBTC and it would seem we've experienced a little fakeout above trend levels only to experience quite a sharp decline to the point of breaking below recent support. There is still strong support located around 5% below current price so this may act as a natural level to reject the downward momentum - or ETH may well break below this level too on it's descent to an overall 15% loss. Either way we've got a Short signal from Crypto Tipster v2 and if the last 2 years of signals are anything to go by, we trust this to provide some good results! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Short
by theCrypster
6
People think ETH will Under Preform BTC. I respectfully DisagreeEthereum has provided great utility to the Crypto ecosystem. I am not here to school you on it, everyone can do their own research. That being said, I believe that we are in the midst of a re-accumulation. The prior market cycle was cut short abruptly by Bitcoin's double top and Macro conditions. Without that anomaly, Ethereum was likely to test its all time highs against bitcoin. Since then, almost all other altcoins fell to all time lows VS bitcoin. Ethereum has shown relative strength by holding its own, which is interesting. The RSI (circled yellow) refused to go into oversold territory on the recent dump that I point to with an arrow. If there was a time to go down, that was it. A lot of FUD is appearing right now, which makes me believe ETH is in short supply and the move up begins shortly. We may be looking to right some wrongs after having our crypto cycle cut short. Let the fun begin.
Long
by MikeMM
3
#Bitcoin Bulls Firm, ETHBTC May Break Below Rising WedgePast Performance of ETHBTC After weeks of higher highs favoring Ethereum, the pendulum is swinging. Bitcoin buyers are taking charge, pressing lower as demand picks up. Overall, price action is confirmed within a rising wedge, technically in a bullish pattern. Even so, as long as prices are capped below 0.077 BTC, Bitcoin bulls have the upper hand. #ETHBTC Technical Analysis Roughly ten days ago, a bearish engulfing bar printed on January 12. The bar reversed ETH gains and was with high trading volumes. It set the trend of what is today. Selling momentum is also developing as prices break below the primary support trend line of the rising wedge. If the bar has equally high trading volumes, BTC bulls can double down, targeting 0.068 BTC, or lower in the days ahead. This level coincides with the 50 percent Fibonacci retracement line of the H2 2022 trade range. Any surge above 0.077 BTC or the 23.6 percent Fibonacci retracement will cancel this bearish outlook, swinging prices in favor of ETH bulls. What to Expect from #ETHBTC? ETH buyers are in charge in the higher time frame as prices increase inside a wedge. Presently, BTC bulls are cranking up demand. Subsequently, prices may fall lower toward immediate support levels. Resistance level to watch out for: 0.077 BTC Support level to watch out for: 0.068 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Is the merge the catalyst of the ETH flippening?It is incredible to see the spotlight on ETH as the MERGE is all the talk on Bloomberg and CNBC. This narrative will only get louder as we near the long awaited celebration of POS. Daily Transactions on network: ETH 1.3m BTC 225k ESG Goals: ETH will be 99.95% more efficient than Bitcoin. Bitcoin, is still being mined by China Coal - *Bloomberg Citation Total Value Locked: ETH $34.1b Billion, Bitcoin $0 Staked: ETH has over 11% of circulating tokens staked. Bitcoin has 0 staked on network. Hodling Rewards: ETH Staking Rewards are estimated to be 5.5-13.2%. Bitcoin does not reward holding with passive yield. Tokenomics: ETH will be cutting new issuance by 90% (equal to three bitcoin halvings). While burning ETH in every transaction making it deflationary. Bitcoin is increasing supply for another 140 years as the underlying supply inflates. Deflation will decrease supply of tokens making the price of eth rise. Bitcoin increasing the supply of tokens will make the price of bitcoin drop - (Miner pressure). Bitcoin would need to see over $20m of inflows daily just to break even due to mining selling pressure. Just because there is a cap, does not make Bitcoin protection against inflation. Bitcoin itself is inflationary like fiat. Security: According to the report just released by ConsensSys today, Ethereum's network post merge will be up to 20 times more secure. Eth2.0 is significantly more secure than Bitcoin, as for $3-13 Billion USD (chump change for America/China/UK/Australia/Japan etc) Bitcoin's network could be taken out with a 51% attack. There is a misleading idea that to have a 51% you would need 51% of the tokens, this is incorrect. As for eth, you would need over 51% of the validators. ETH is more secure, as a malicious actor would need to spend billions on acquiring more eth, to then run more validators which would make the price of eth skyrocket ever more. Possible yes? Realistic LOL no, as all the while they will run the risk of getting their staked position worth billions slashed, which again would lead to more eth scarcity bringing the price up ever higher. Future outlook: Bitcoin is done as upgrades are ill advised. If Bitcoin were to be fixed (POS) the network would fork again as the miners are making fortunes dumping newly created (inflation of bitcoin supply) tokens onto bitcoin holders daily. ETH post merge, has a lengthy roadmap that includes sharding, this will finally tackle the fuel fees (making the cost to use the network significantly more economical), increase scalability, speed and capacity of the network. The next comparison we should investigate is the trend as far as market dominance is concerned: Likewise, we can see the recovery in ETH has been superior to BTC. In fact it seems that on days we drop, like yesterday Bitcoin falls harder, while on positive days Ethereum outperforms. As I stated Ethereum has the Alpha. That analysis is linked below (Related Ideas) for those interested. Jung stated that for a tree to reach heaven, its roots need to grow to hell. Likewise like everything in crypto: IT WILL EVENTUALLY CRASH I do not recommend chasing price. I already am long, however I plan to add to the position in the buy zones as labeled below. If we break above the EMA ribbon, I then simply plan on buying even at a higher price & then letting the winner run: Let's talk about practical utility.: --> Bitcoin does have use in El Salvador, and the finance minister Alejandro Zelaya said bitcoin adoption has been beneficial to El Salvador's unbanked population. Citation available below. -->Visa and Mastercard announced settling transactions with the ETH token USDC. " The credit card provider that moves billions of dollars each day in 200 markets today announced it accepted the first settlement payment in U.S. Dollar Coin (USDC), a cryptocurrency pegged to U.S. dollar in a 1:1 ratio, from its global crypto wallet partner Crypto.com over the Ethereum blockchain. " Citation available below. -->The European Investment Bank (Partnered with Goldman Sachs) issues its first ever digital bond on the Ethereum Blockchain. " The EIB launched a digital bond issuance on a blockchain platform, deploying this distributed ledger technology for the registration and settlement of digital bonds, in collaboration with Goldman Sachs, Santander and Societe Generale. " Citation Below. --> The Reserve Bank of Australia released the positive results of their research project " The project involved the development of a proof-of-concept (POC) for the issuance of a tokenised form of CBDC that could be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform ." Citation Below Citation: China Coal * www.bloomberg.com El Salvador Finance Minister www.bloomberg.com Visa Will Start Settling Transactions With Crypto Partners In USDC On Ethereum www.forbes.com The European Investment Bank Digital Bond www.eib.org Reserve Bank of Australia Public notice www.rba.gov.au Project Atom Research Paper www.rba.gov.au
Long
by ZenMode
2