ETHBTC trade ideas
$ETHBTC: Uptrend starting...Notice the ramping of volumes for the last 4 days, higher and higher, with larger daily ranges...with a nice scam wick to shake people out before a real move starts. (volume near average levels for the last month, which is rather solid)
The catalyst of Hong Kong allowing people to buy crypto might help take both Ethereum and Bitcoin out of their consolidations and back into trending up.
Both charts are bullish vs the dollar as of today, which makes it an ideal long entry if you're not invested. But since the ratio of Ethereum vs Bitcoin shows a buy signal, we can safely allocate some capital to Ethereum as well as BTC to ride the next leg up.
I'd suggest staking it if you're investing in this for extended periods of time.
Additionally, you can look into selling calls OTM each month, against your holdings over at Deribit, but that poses extra risks.
As for the immediate setup at hand, the short term upside is substantial, shown by the white boxes on chart here. The entry I suggested to my clients can be seen in the chart as well, we bot both Bitcoin and Ethereum earlier today, vs USD, but also had a leveraged pair trade long in ETH vs BTC that we had entered a few days ago lower.
We've secured gains in that one to not be levered in our crypto accounts, but it could be held if you're playing the relative strength move here. (heck you can enter margin longs in ETHBTC today, as long as sizing is sane)
Best of luck!
Cheers,
Ivan Labrie.
ETHBTC Bullish Cross completed on 1W. Rally ahead.The ETHBTC pair has been trading inside a Triangle pattern for almost a year (since the June 13 2022 Low). For the past 3 weeks the 1D MA50 (blue trend-line) has been supporting while the 1D MA200 (orange trend-line) has been the Resistance since January 21 as the price has failed to close a 1D candle above it (having 3 clear rejections on it).
The key difference here is the formation of a Bullish Cross on the 1W MACD. In the past 12 months, this has always been a Buy Signal. We are buying and targeting the 1D MA200, and if it closes a 1D candle above the 1D MA200, we will extend buying towards the 0.618 Fibonacci level.
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ETH/BTC - Ethereum: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the CRYPTOCAP:ETH / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.066486 | 0.068992 | 0.072769, and the major support zones can be found at 0.062709 | 0.061438 | 0.057661. Consider entering a trade at the current price zone of 0.06616 and targeting higher levels.
◰◲ General info :
▣ Name: Ethereum
▣ Rank: 2
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Ethereum is a distributed blockchain computing platform for smart contracts and decentralized applications. Its native token is ether (ETH), which primarily serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens within the decentralized finance (DeFi) sector.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.06616 ₿
▣ 24HVol: 4,456.371 ₿
▣ 24H Chng: 0.994%
▣ 7-Days Chng: 2.69%
▣ 1-Month Chng: 3.04%
▣ 3-Months Chng: 19.03%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.066486 | 0.068992 | 0.072769
◢ Support: 0.062709 | 0.061438 | 0.057661
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.07
▣ Last 90D: 1.20
▣ Last 1-Y: -0.05
▣ Last 3-Y: 1.26
◲◰ Volatility :
▣ Last 30D: 0.55
▣ Last 90D: 0.56
▣ Last 1-Y: 0.82
▣ Last 3-Y: 0.90
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.69 - Bullish
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.54 - Bullish
▣ In-depth ETHBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Ethereum to $62.30 - Time to scare the Ethereum kids!
When a macro super symmetrical triangle trend occurs on the log scale, any people holding this Ethereum hopes the trend moves up and not down, a move down will mean the end of Ethereum.
Really failing to rise above near the upper line too.
reducing the supply should do it right?, right? :)
#Bitcoin Bulls Press On, Will ETH Gains Be Reversed?Past Performance of ETHBTC
BTC is ahead of ETH, looking at the arrangement in the daily chart. The recovery is albeit a solid performance of ETH in the past few days. Overall, from a top-down preview, Ethereum buyers remain in charge. This is further supported by the fact that the BTC lead has been at the back of decreasing volumes in the past few trading days. The longer-time view pattern favors ETH bulls from a volume analysis perspective.
#ETHBTC Technical Analysis
The April 26 bar ended lower and volatile. There were attempts to stem losses leading to a long lower wick suggesting the presence of ETH bulls. This, coupled with the fact that ETHBTC prices are still bound inside the recent bullish trade range, favors the upside. Still, it is until there is a buildup, ideally above 0.067 BTC with increasing volumes. For now, how prices react at 0.065 BTC would shape the immediate term with the awareness that losses may strengthen BTC, forcing prices towards 0.062 BTC.
What to Expect from #ETHBTC?
BTC bulls are pressing on, and there are a series of lower lows at the back of decreasing volumes. Even so, how prices react at 0.065 BTC today might determine the near-term formation. Conversely, there must be a conclusive close above 0.067 BTC for ETH bulls to resume the uptrend, aligning with the upswing from mid-April 2023.
Resistance level to watch out for: 0.067 BTC
Support level to watch out for: 0.065 BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
✳️ Ethereum vs Bitcoin & Elliot Wave Theory | #OKXIdeasHere we have a chart for ETHBTC with a perfect Elliot Wave sequence... Let's dive into it!
- First, we have a 5-Up Wave pattern, it starts 11-Apr. and peaks 18-Apr.
- Second, we have a perfect Zig-zag or ABC correction.
(Notice that this correction ends right at the 0.618 Fib. retracement level with a Doji, EW is big on Fib. proportions. This is also supported by increasing volume and a bottomed out RSI).
We have the perfect 5-Up and then the ABC... What follows, is a new impulse based on EW.
This setup is invalidated on a close below the 26-Apr. low.
This is not financial advice.
Thank you for reading and for your continued support.
Namaste.
Ethereum Hasn't Reached 1.5x Target of its HSiThe eth/btc pair confirmed an inverted HS a while back, and hasn't yet reached its TP2 (or a 1.5x measured move from the neckline).
It hit TP 1 and has since consolidated between TP 1 and the 0.5x halfway mark. It may get a chance to test that area again, potentially even falling into the Accumulation Zone shown on the chart, which might be a good spot to increase position. It also may not.
Look for an eventual move to TP 2.
Alternatively, I think there's a chance it could fall as low as ~0.025, making a move symmetrical to the one on the far left of the chart before finally firing back up towards 0.1 and higher.
See links to related ideas below, including the alternate move back down near 0.025.
ETHBTC may be putting in a major fakeoutAs usual, what follows isn't financial advice but a mere observation.
This idea is to be considered as a follow-up of the one that can be found linked below.
As explained in my last study, we're witnessing extremely low levels of volatility on the weekly timeframe for ETHBTC.
While price action wasn't exactly confidence-inducing until a couple days ago, tides might be beginning to change.
We can observe how since july 2020, the 21EMA (yellow) and the 55EMA (green) have never had the chance to bearishly cross.
This brings me to a very simple point, if we can see a weekly ETHBTC close above both EMAs, essentially producing a fakeout, the idea that the expansion phase coming from this extremely low volatility environment will be to the upside will begin to appear more probable.
The horizontal ray that's marking the march 2023 high (0.073544) is the obvious line in the sand for me, a weekly close above that level will make me consider that ETHBTC is putting in a major - possibly even macro - low.
Keep in mind that as long as the price keeps being held down by both the 21EMA and the 55EMA this is just a possible scenario waiting to unfold, but still unconfirmed.
Furthermore, a weekly close below this current week low (0.062037) will very likely result in a much more severe downside continuation, with targets already discussed in the idea linked below.
Whatever happens, stay safe and wait for confirmation.
Ethereum domain mapThis is my view of the Dominance of Ethereum and the largest dominance of alternative currencies.. We are heading in the medium term to the strong resistance area specified above, and then the decline will be absorbed to make a larger rise and test the historical top, but we will talk about it when the time comes
ETHAccording to news on April 20, the snapshot voting page shows that the ApeCoin community’s AIP-230 proposal of “donating HKEX:1 million to the Ethereum community” has been voted by ETlob. Donated 300,000 US dollars, sponsored 700,000 US dollars to 11 ApeCoin hackathons and at least 5 public welfare activities, as early as responding to V God’s call for Ape public welfare products in 2022.
The final support rate of the proposal vote was 46.21%, the opposition rate was 29.96%, and the abstention rate was 23.84%. In the ApeCoin voting mechanism, abstention does not affect performance results.