ETH BTC triple top theory...Could this play out this time again?www.investopedia.com
The triple top pattern occurs when the price of an asset creates three peaks at nearly the same price level. The area of the peaks is resistance. The pullbacks between the peaks are called the swing lows.
Could this play out this time again?
ETHBTC trade ideas
ETH-BTC pair going for a relief rally and after a massive dump?Related to my previous idea of a possible cycle TOPfor BTC and a imminent rally for alts.
ETH is a leading altcoin and the yellow vertical lines are related to every TOP in the altcoin season index.
I UPDATE with another short idea within the same idea i will keep you updated!
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
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.
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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.
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.
eth/btc I see in next months some dangerous moves will happen in crypto market. BINANCE:ETHBTC is going up. and all whales are taking all Ethereum in exchanges. I Think all market will going up , but bitcoin will gonna down , and we will see almost a Flipping in market. But no one can take bitcoins place in world. that will hard for bitcoin. but bitcoin have to be success.
Sigificant double breakout in ETH/BTC. Will likely outperform.Narrative is overly bearish ETH due to position in market cycle. ETH is a different asset compared to 2018 however, with substantially better supply dynamics than Bitcoin, increasing average returns for ETH over BTC.
The charts reflect this. A signicant double breakout on the charts recently suggests ETH is starting to breakout of its downtrend against BTC which could signal more significant outperformance to come, particularly when the crypto market is less bearish.
Long ETH/BTC.
ETHBTC - Altseason is starting?My expectation is that the alt season has started but it won't last long. Growth will be but not for all coins.
My recommendations:
Do not buy old projects 2018-2020
Give preference to new projects 2021-2023
Place take profit with a ladder
When the price ETH\BTC reaches 0.75-0.77, reduce the positions to 80%
The information provided here is for informational purposes only and should not be considered as financial or investment advice.
Is the altcoin super party just around the corner?Is the altcoin super party just around the corner?
In the daily time frame, the 266-day downward trend line in the Ethereum to Bitcoin chart! After correction, about 28% is breaking!
According to the RSI indicator and its growing trend, as well as the 12% price growth from the floor, we can conclude that we are extremely close to the altcoins boom (even in the next few days).
Don't forget capital management and compliance with risk to reward.
Good luck and profitable.
ETHBTC Potential bullish break-out of the 9 month Falling Wedge.The ETHBTC pair has been trading within a long-term Falling Wedge pattern since September 2022 and currently it is testing its top. This is also where the 1W MA50 (blue trend-line) is, so we can potentially have a double bullish break-out.
The 1W RSI has already broken above its 9-month Channel Down, issuing the first signal. If the price does break and close above the top of the Falling Wedge, we will target every Resistance level all the way to the 0.08560 High and buy on every pull-back. As you see the Fibonacci retracement levels match well with those Resistance levels, which are basically the Lower Highs of the Falling Wedge.
If the price fails to close above the Falling Wedge, then a potential rejection can pull it all the way down to the 0.06200 Low.
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ETHBTC.1DHello dear friends,
*Mars Signals Team wishes you high profits*
This is a daily time frame analysis for ETHBTC.1D
We are in the daily time frame. As you can see, the price is oscillating at the resistance line. If it fails to stabilize above the resistance line, it has the possibility of falling to the first support line and we have shown you the supports. If it can stabilize above the resistance line, we have the possibility to increase to the second resistance line.
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