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ETHBTC trade ideas

Wolfe Pattern + AB=CD Reversal ZoneTaking note of a few items on the ETH/BTC chart. After the SEC Binance and Coinbase legal complaint there has been a noticeable drop of in ETH/BTC's performance. This deviation from the trendline might mark a shift in the trajectory for eth for a while. OR, it was a fake-out, and can be seen as such. On a higher timeframe the chart has been correcting. If elliott waves can be counted, perhaps this is near the end of a corrective wave 2. There are noticeable pivots to identify a rather clean 0.618 AB = CD. I've also indicated the path/plan for a wolfe pattern trade setup. Worst case scenario might result in eth revisiting lows near 0.04 BTC, to complete a higher time frame Gartley pattern.
Long
by wildhood
✳️ Ethereum vs Bitcoin | Round 2Last year Ethereum bottomed 13-June vs Bitcoin (ETHBTC). What followed was a 74% bullish wave. This year we see Ethereum undergoing a prolonged sideways correction vs Bitcoin and there are signals/possibilities of a low being hit. This can lead to a new bullish wave. The last low was hit 23-June. A similar bullish wave to last year and send the ETHBTC pair flying up to the moon/sky. Everything grows in July when it comes to Cryptocurrency, this is true in the last few years, the summer tends to be good for Crypto. This is all I wanted to say. These are just signals and the market is unpredictable, things can change. Remember to build a plan before trading. This is not financial advice. Thank you for reading. Namaste.
Long
by MasterAnanda
8
✳️ Ethereum vs Bitcoin NEW | Bullish Impulse (5-Up) 7X lev.Hello my dear friends, I am back on ETHBTC with lev. but I just want to show you the chart. The doubt that always creep in is this, "If Bitcoin is growing, how can the BTC pair of any Altcoin grow at the same time?" If Bitcoin grows the ALTSBTC pairs are supposed to go down, simple thinking based on logic but reality and logic do not go hand in hand. Proof. ✔️ ETHBTC grew from June 2022 through August 2022, together with Bitcoin. This means that ETHBTC can grow even if Bitcoin grows. It can grow apart from Bitcoin but also together, this doesn't really matter. The MACD is showing a young bullish cross. The RSI bottomed hitting oversold and is now neutral but trending up. A new bullish impulse can develop. After the 5-Up wave pattern last year, we had a long corrective phase. You can tell this is a corrective phase because you cannot draw a 5 wave pattern in anyway. When a 5 wave pattern is not do-able, you are most likely than not looking at a correction (Elliot Wave theory). To me this opens the potential for a new impulse. Even without EW the chart structure, market cycle and other signals all point to a potential upward move. Charts can change, things can always change and thus one has to plan before deciding to trade. This is a very low risk set up, the 20-March low can be used as the stop-loss. Any trading above this level and up we go. We have about 5% risk with 25%+ potential for reward. We are doing 7X. Capital allocation is 3%. This is not financial advice. I love you. Thank you. See you tomorrow... Or see you later on today? Whatever, I am happy. Namaste.
Long
by MasterAnanda
10
Brace Yourself: Ethereum's Bearish MomentumETH/BTC Technical Analysis: A Bearish Outlook for Ethereum in BTC Pair In this technical analysis of the ETH/BTC trading pair, we will examine the current state of Ethereum in relation to Bitcoin. We will analyze the chart patterns, trendlines, and key levels to provide insights into the potential future movement of Ethereum. It is important to note that this analysis is for informational purposes only and should not be considered financial advice. Investors should conduct their own research before making any investment decisions. Chart Analysis: Ethereum is currently trading at 0.065 BTC, and based on the chart, it is evident that the cryptocurrency has been gradually working in a downtrend. The symmetrical triangle trendline has recently experienced a breakdown and subsequent retest. This indicates a bearish signal for Ethereum in the BTC pair. Price Targets: The first target for Ethereum in the BTC pair is expected to be at 0.055 BTC. If the downward momentum continues, the second target lies at 0.048 BTC. At this level, we may anticipate a potential bounce-back as it coincides with the 0.618 Fibonacci retracement level. Important Considerations: It is crucial to keep in mind that if the price breaks below the 0.048 BTC level, it could further extend the downward movement, potentially reaching the 0.037 BTC level. This could provide a favorable entry point for investors, but thorough research is advised before making any investment decisions. Conclusion: Taking into account the technical analysis of the ETH/BTC trading pair, it appears that Ethereum is currently in a bearish phase. We anticipate a potential 30-50% decline from the current levels. However, market movements are subject to various factors and should be carefully monitored. The key support levels to watch for are 0.05578 BTC, 0.048 BTC, and 0.037 BTC, while the resistance level stands at 0.072 BTC. Disclaimer: Please note that this analysis is not intended as financial advice. It is crucial to conduct your own research and analysis before making any investment decisions. Cryptocurrency markets are highly volatile, and investments involve risks. Always seek professional advice when considering investments.
Short
by CryptoPatel
5
ALT SZNEven though BTC rallies seems interesting to us customers, not many people do make significant gains compared to alt coins hence most people has investing on alt coins. Hence, this logarithmic eth/btc graphic can be a valuable insight to see the valuation of alt coins compared to Bitcoin. Right now it is getting closer to its support levels, thus it might worth the risk in the future if we believe that alt's will show their strength in upcoming halving. Not a financial advice
by TheFamousZero
ETHBTC looking strong and ready to rallySince BTC topped around 31k, ETH has outperformed BTC. It looks like ETH is slowly gaining more and more, as more ETH is being slowly burned through EIP-1559 and more ETH is being staked. As ETH outflows since the Shapella upgrade have peaked and inflows are dominating, ETH now has a yield of about 5%; ETH looks more attractive than BTC. Of course, BTC has its upcoming halving less than a year from now, and recently Ordinals have given Bitcoin new life. As gold was rallying, the digital gold narrative was also more robust. However, Ethereum has seen its Layer 2 protocols gain more and more traction while AI stocks are pumping like crazy and gold is dumping. Essentially flexible tech is preferred to stable and inert metals. ETHBTC has almost completed a breakout, as it hasn't fully reclaimed all key diagonals and the yearly pivot. It has reclaimed all critical support, penetrated the 0.06-0.066 area, which I was expecting to happen for a while, and is now looking solid. Someone could go long now, with a stop loss below 0.064 or waiting for the full breakout. Someone could wait before going long for BTCUSD and ETHUSD to have a failed breakdown by hitting 25700$ and 1720$, respectively.
Long
by BitcoinMacro
ETH/BTC Analyze (Road Map, 06/23/2023)!!!🗺️First, let's see what the ETH/BTC chart is advantage : It shows us whether to invest in Bitcoin or Ethereum, of course, according to the market cap of cryptocurrencies. Considering that more than 80% of the tokens are in the Ethereum blockchain . When ETH/BTC is bullish, Bitcoin dominance is bearish, and the total market cap is bullish, we can expect the start of the Altseason . ETH/BTC is in the form of a zigzag(ABC/5-3-5) corrective structure so that the main wave C is forming an Expanding Ending Diagonal . I expect microwave 5 of main wave C to finish in the 🟡 Price reversal zone 🟡 and 🟢 heavy support zone 🟢. Ethereum/Bitcoin Analyze ( ETHBTC ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
12
ETH/BTC Trade Update 16-06-2023Trade Setup: ETH/BTC Pair - Weekly Time Frame In this trade setup, we are focusing on the ETH/BTC pair, analyzing the price movement on a weekly time frame. The price action is currently exhibiting a consolidation pattern known as a symmetrical triangle. A symmetrical triangle is formed when the price makes lower highs and higher lows, creating converging trendlines. At the present moment, the price of the ETH/BTC pair is situated near the bottom support of the symmetrical triangle. This support level represents a crucial area where the market participants will decide the future direction of the pair. It becomes imperative to closely monitor the price action to determine whether it breaks down from the support or finds support at the current level. Should the price break down below the bottom support, it would indicate a bearish signal, suggesting a potential decline in the ETH/BTC pair. Traders might consider implementing a short position or reducing exposure to the pair until further confirmation is observed. On the other hand, if the price finds support at the current level and begins to rebound, it would suggest a bullish scenario. This would indicate a potential upward move in the ETH/BTC pair. Traders might consider entering a long position or increasing exposure to the pair, expecting further price appreciation. It is essential to exercise caution and await confirmation before making any trading decisions. Traders should monitor the price action closely, looking for significant price movements and increased volume, which could provide additional insights into the direction of the breakout. As with any trading setup, it is crucial to implement proper risk management strategies, including setting stop-loss orders to protect against potential adverse price movements. Additionally, considering other technical indicators, such as momentum oscillators or volume analysis, can provide further confirmation or divergence signals to enhance the trading decision-making process. Remember that trading involves inherent risks, and it is recommended to conduct thorough research, consult with professional financial advisors, and stay updated with the latest market developments before making any trading decisions.
by Aman_Tiwari
The Ultimate Destruction of Ethereum NearsETH right now looks to have formed a Logscale Bearish Dragon on the Monthly and right now is showing Weakness at Resistance if it breaks down this Bearish Dragon we will see it come to the 0.618 Retrace below as a target one for the Bearish Dragon but this could also lead to a Log Scaled Bearish Bat Action Magnet Move down to the 0.886 Retrace. I believe Money will move out of ETH and into coins like Litecoin, RVN, HBAR, among a few others.
Short
by RizeSenpai
ETHBTC.4HHello dear friends, *Mars Signals Team wishes you high profits* This is a time frame analysis for ETHBTC.4H We are in the four hour time frame. As you can see, the price was able to break the resistance line and stabilize above it, and is currently retreating towards the support line. If it can consolidate above its first support line, we expect the price to rise to the first resistance area. But if it cannot stabilize above the support line, we expect further fall to the second zone. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
ETHBTC: targeting the top of the Channel Down.ETHBTC is consolidating right now on neutral 1D technicals (RSI = 55.810, MACD = 0.001, ADX = 53.149) supported by the HL trendline. A bounce on the 1D MA50 would be ideal for a new buy, but if it breaks the trend turns bearish. Until it does, we are bullish, targeting the 0.9 Fibonacci (TP = 0.07200) as it happend on January 2023. But of those where the bullish waves inside a long term Channel Down. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
ETHBTC showing upside to come to 0.08 due to W and TriangleW Formation has formed on the ETH/BTC pair. There is also an Ascending Triangle, with higher lows and same highs. We are near the neckline where the price is quite likely to break up and out of. We have other signs like 7>21 MA Price>200 MA RSI>50 Target is for the ETH/BTC to head to 0.08 For those that don't know how it works... HOW ETH/BTC works ETHBTC is a trading pair similar to Forex pairs. With crypto, it represents the exchange rate between Ethereum (ETH) and Bitcoin (BTC). And as always with trading pairs, there is a primary and secondary coin. The primary (Ethereum) is how much 1 unit of ETH can be exchanged for a certain amount of Bitcoin. ETH/BTC 1 / X No. bitcoins. Right now, the current ETH/BTC exchange rate is 0.06. This means, 1 ETH is worth 0.06 BTC. Or conversely, we can see how much 1 BTC is worth in ETH. To do that we divide the two. BTC/ETH = 1/0.06 = 16.66 Ethereum per Bitcoin. ETHBTC works based on the principles of supply and demand in the cryptocurrency market. The exchange rate is determined by the ongoing buying and selling activity of traders on the exchange platform. When there is more demand for Ethereum relative to Bitcoin, the ETHBTC price tends to rise. Conversely, if there is more demand for Bitcoin relative to Ethereum, the ETHBTC price tends to fall. Right now we can expect the ETH/BTC to go up, which means Ethereum will mostly likely strengthen in the near future compared to Bitcoin. Hence I expect the price to go to ETH / BTC = 1: 0.08.
Long
by Timonrosso
BTCETH Fractal What I have noted are three distinct peaks with curved resistance lines and two inclined support lines. The period in-between was the sideways market and the big fractals are the bull and bear markets. Both saw distinct peaks in ETH against BTC but the first one showed a more volatile ETH break the lower trendline into a deviation before continuing trend whereas the second fractal saw a stronger ETH that held the line through the fractal pattern. I see the first fractal also lost the critical support at almost exactly the same satoshi value as the complete fractal. First fractal saw ETH trapped in the curved resistance and fell a massive 52% before finally breaking the resistance. BUT The second fractal has seen ETH hold the trendline and break out from the resistance to the upside with a 10% increase already. I hope you find this useful, but I think all of the new ETH wallets and holders is beginning to tell a story.
by TradeRangerAU
1