ETHBTC trade ideas
by Pine Script Wizard(custom GPT/AI agent): Agile Momentum TrackDescription:
The "Agile Momentum Tracker" is a responsive trading strategy designed for traders who seek to capitalize on market momentum across various timeframes. This strategy employs a combination of exponential moving averages (EMAs) and the Relative Strength Index (RSI) to identify potential entry points with enhanced sensitivity.
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RSI for Market Strength: Incorporates a 14-period RSI with modified thresholds (20 for lower and 70 for upper) to gauge the strength of the asset's momentum while avoiding overbought conditions.
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This strategy is ideal for traders who prefer a more active approach to capturing trends and are comfortable with a higher frequency of trades. The "Agile Momentum Tracker" is designed to be adaptable, allowing traders to modify parameters to suit their individual risk tolerance and trading style.
Note: While the strategy is built for enhanced responsiveness, traders are advised to conduct thorough backtesting and adjust parameters as necessary to align with their specific trading goals and market conditions.
Eth/BtcEth BTC has a final target of 0.055-0.049 , this mean a devaluation of eth against bitcoin and it means a devaluation of alts against Btc also .
the target coincides with monthly fair value gaps , bottom of the channel , ichimoku levels and 6 months mother bar level .
this is not a financial advice
thank you
Ethereum & BNB on life Support
I have posted a chart back in May when I was seeing Ethereum & Binance Chain deteriorate, it looks like the final supports are being tested meaning once these are gone the foundation is completely gone.
The Ethereum supply has become inflationary due to the incentive to "Stake" Ethereum so the question is always true. Where does the Yield come from?. (New users staking Ethereum) meaning it takes no energy to create new Ethereum meaning the more its staked the more inflationary the more it becomes a house of cards before collapse.
BNB? Binance owns 70%+ of the supply its dead.
Ethereum ETF's? Yeah there's a reason they are getting little to NO volume smart money is not buying this Ethereum ecosystem either. My guess? is its there to SHORT Ethereum not Long it.
If I'm wrong in the future on Ethereum I will accept the loss. But my mind is set that Proof of Stake DOES not work. Its recreating central banking at hyperspeed.
$ETHBTC: Daily trend turning up?Interesting setup forming in Ethereum, BITSTAMP:ETHBTC had been bearish for a while since the monthly trend turned down in it...
Makes you wonder if the trend will reverse after this bottom pattern formed. We already had one big push with the ETF news, and the chart suggests a 2nd bullish swing is forming (short/mid term).
I do hold some exposure to it, but my largest crypto position is in BTC. I haven't had more ETH than BTC in a long time, probably not worth taking that risk in general, but reassuring for the % allocation I invested in it though.
Best of luck if you use this etup to buy Ethereum.
Cheers,
Ivan Labrie.
is $ETHBTC gonna make a double bottom?Ethereum BITSTAMP:ETHBTC is ready for another leg up and i think could make a double bottom patterns, and if it happens, Ethereum is most likely to out perform Bitcoin, which means alts season is about to begin.
this not a financial advice, please do your own research.
ETH.BTC Bullish DivergenceGood day Everyone,
I think according to this ETH.BTC chart we can see some bullish price action on alt coins, we also have a 4 hour bullish divergence as well as a 4 hours breakout from a downtrend with confirmations. The next few days i expect it to revisit .055-.058 for a retest.
ETHBTC.1DBased on the given market data, we can see that the ETH (Ethereum) is currently trading at 0.05368 against BTC (Bitcoin).
From a technical analysis perspective, the 4-hour Relative Strength Index (RSI) stands at 38.41, indicating that the asset is approaching the oversold territory. The Moving Average Convergence Divergence (MACD) on the 4-hour chart is at -0.000055, suggesting a bearish momentum.
The Bollinger Bands (BB) on the 4-hour chart is at 0.05577, with ETH trading below the middle band, indicating a bearish trend. The first, second, and third support levels on the 4-hour chart are at 0.052, 0.051, and 0.050, respectively, while the resistance levels are at 0.055, 0.057, and 0.058, respectively.
On the daily chart, the RSI stands at 45.34, which is a neutral position. The MACD on the daily chart is at -0.00008, suggesting a bearish momentum. The Bollinger Bands on the daily chart is at 0.057, with ETH trading below the middle band, indicating a bearish trend. The support levels are at 0.051, 0.049, and 0.048, while the resistance levels are at 0.060, 0.064, and 0.067.
The 7-day RSI is at 31.49, suggesting the asset is oversold and that a price increase may be imminent. The MACD on the 7-day chart is at -0.00317, suggesting a bearish trend. The Bollinger Bands on the 7-day chart is at 0.05234, with ETH trading below the middle band, indicating a bearish trend.
In conclusion, the market data suggests a bearish trend for Ethereum in the short term, but the oversold condition on the 7-day RSI could mean a potential price reversal. As always, it's crucial to consider other market factors and your risk tolerance before making investment decisions.
ETH/BTC Skyrockets!The above shows what happened right after the ETH Spot ETF news was announced. We had insane volume and a spike in under an hour, with Ethereum finally bouncing on the Bitcoin pair. It is naturally dropping now as traders absorb the news, but I think that we are finally seeing the reversal that I have been anticipating for so long.
ETH/BTC Catch up time?ETH/BTC chart broken down into some simple key areas. We've recently had a double bottom as ETH has lost strength against Bitcoin, however for me it is clear that if the breaker block is flipped after such a strong reaction from the double bottom ETH is on its way to reclaiming strength against BTC.
The next level of major resistance would be 0.0625 area. After BTC's huge move recently and other L1's like SOLANA and INJECTIVE etc ETH has had a lagging response in comparison.
With profits from BTC filtering down the next obvious place would be Ethereum before some sort of mini alt-season if that's possible at this stage. Coupled with the news that Blackrock have just registered an Ethereum trust in Delaware ETH looks very strong currently.
When is the best time to buy Ethereum?The Ethereum to Bitcoin price ratio chart indicates that Ethereum's price remains influenced by the fluctuations in Bitcoin's price.
The pattern displayed on this chart suggests that Ethereum is likely to endure buying pressure from Bitcoin in the market.
However, the ideal range to anticipate a more substantial movement for Ethereum against Bitcoin would be around the parity level of 0.0490-0.0456.
Furthermore, the market is expected to facilitate more substantial bullish movements for Ethereum by providing additional support for Ethereum.
ETH/BTC first accumulation zone reached.Starting to DCAing in a little at this level from BTC.
Will start DCAing harder once the second, and a lot more within the golden pocket, and especially the third accumulation zone is reached.
ETH vs BTC have the potential to fall even lower. But long term, I am bullish, hence looking for opportunity to accumulate ETH now that the first phase of the Bull Market seem to have commenced with BTC pumping first.
Ethereum / Bitcoin Trying to Find a SupportEthereum's current pullback presents an intriguing scenario.
The BITSTAMP:ETHBTC price seems to be seeking support in the range where it retraced during the mid-summer of 2022.
Currently hovering around 0.05, this level stands as a crucial support zone.
If Ethereum maintains above this mark, a potential climb to 0.058 and beyond becomes feasible.
On the flip side, dropping below 0.05 might extend the downtrend. The next moves are uncertain, so stay tuned and observe the market dynamics closely.