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ETHBTC trade ideas

Ethereum ETHBTC - New all time high this year! Then a big crash? Ethereum is much stronger than Bitcoin and this trend should continue until we hit the major resistance from 2017, which is approximately another 85% upwards.  As you can see on the chart, this whole market structure looks like an ascending triangle. This triangle should break downwards, if we don't want ETH to flip BTC on coinmarketcap.  Keep in mind that ETHBTC does not belong to a trending market. It's more like an oscillator. You can compare this pair to the EURUSD forex pair. So, forex strategies should work much better on this particular ETHBTC pair. According to my Elliott Wave analysis, we are currently in the final 5th impulsive wave of the bigger impulsive wave. Bitcoin's dominance is breaking down the key market structure, which, of course, greatly favors ETH. Look at my ideas about interesting altcoins in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
52
Merge will fail (Temporary)Hello Everyone! a little Fundamental analysis : The world is in a destructive state, inflation is rampant all over the world, Food crisis is right around the corner, Federal Reserve continues to raise interest rates to fight inflation, Russia has cut off the gas on Europeans, Also Russia has invaded Ukraine, And China has the same intention with Taiwan. All global markets, including Crypto are in the Bear market. in this kind of circumstances, Ethereum cannot be an exception and fight this global trend. Technical analysis : As you can see in the picture, I have drawn the cycles of ETH/BTC, which are quite accurate, but you may be asked why the price of Ether is increasing even though it has been 3 months since the bear market? The answer is clear: Ether needs the hype from the Merge to reach it's monthly liquidity. I expect Ether to enter the center of the supply zone which has a lot of liquidity, And then probably nothing can stop Ether from falling. I should also point that out within this supply area, a weekly supply has also been built, which makes this supply zone even more powerful. From the point of view of Price Action analysis, The price is formed in two legs, which are very accurate(In terms of measured target and timing), after these two legs, price can become sideways, which according to the conditions explained above, such a scenario is likely to happen. ---------------------------------------------------------------- Liked the idea? Comment, Like, Follow ✌
Short
by Dan774
Broadening Wedge TopsTrading Broadening Tops The breakout direction for Broadening Tops The trade is to buy when price touches the lower trendline for the third time. Very often these patterns have partial rises and partial declines that are followed by a breakout. When price rises from the lower trendline and fails to make the upper trendline it is likely to breakout lower. When price falls from the upper trendline and fails to make the lower trendline then the breakout is likely to be upwards. In my experience partial declines are more consistent with producing upward breakouts than partial rises are in producing downward breakouts. The breakout occurs when price closes on the outside of the pattern, above the upper trendline or below the lower trendline. Trade in the direction of the breakout.
Long
by Crypt0_Ninja
LARP Capital: ETH won the battle but it will lose the war!On our original bearish ETH/BTC call we were wrong in that we were certainly early, but will ultimately be proven right. With that said, our analysis explaining the clear disagreement in the direction of the wider cryptocurrency markets between the 'ETH faction' and 'BTC faction' which started with Bitcoin topping (more or less) back in the spring (see 'The big short') was correct. After such a spectacular call (who else was bearish at this time?) many were bewildered by our unwillingness to change back to a bullish outlook, which we have maintained, and is very much related to the need for ETH capitulate and destroy much of the malinvestment in the space (whether by retail trading jpegs and shiba inus or by foolish billionaires and their 'preference' for proof of stake (or really their preference for control over the wider space). The next major battle was won by ETH, which, was able to extend it's B wave higher which in our opinion has only delayed the ultimate reckoning which is coming to the wider markets. If ETH had conceded this battle the wider markets would have continued their healthy correction and ended the pain earlier allowing us to break out into a historic bull market. Instead, and consistent with our most recent Bitcoin analysis (see Still 'B'earish Dre) we are now in for a prolonged bear market. Just like Bitcoin, ETH is still in a larger B wave (a bit different albeit in that it's B of a zig zag). As we have maintained since our more recent 'Silent Juan' analysis (published as a Trip on The Truth Social Network) which correctly called the top on eth/btc, we are in an extended 5th wave terminal C wave of a larger B wave, of a Zig Zag. The above chart is a slight update our the progress labels which a bit more accurately illustrates the 5th wave terminal quick and dirty analysis. The lower degree waves have been slightly adjusted in that it makes more sense to have an expanding triangle for wave 4 down, and non standard correction ending in a contracting triangle for wave 5 (the contracting triangle illustrates the delayed nature of what is about to unfold). Gluck May your larps be fruitful : ) *as always not investment advice
Short
by ltc-joe
2
ETHBTC Breaking above its 5 year Triangle? Full on Ethereum?This is the ETHBTC pair on the 1W time-frame where it's shown trading within its long-term trading pattern, a Triangle. On the August 08 1W candle it tested the top (Lower Highs trend-line) for the second time and after pulling back for two weeks, the current candle is again on the verge of hitting it. Can it break this time? Well, the same Higher Highs formation has been previously seen another 4 times. Three of them started rallies (with the two extreme) and only one had the pair make a Lower Low that touched the bottom of the Triangle. Still, this is associated with general market rises and since this time the 1W MA100 (green trend-line) is in support, we can expect ETHBTC to break above the Triangle and have Ethereum gain over Bitcoin once again. If not, expect another Higher Lows test. What do you think will happen? -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
7
$ETHBTC: Ethereum peaked...short it.The pre merge enthusiasm caused a big rally in both the ratio and dollar charts, both charts just flashed a short signal in the daily chart with very tight stops and big reward to risk, with open ended downside if it keeps trending down after the 1st range target is hit here. I'm long $SPY vs a long $BITI position as a pair trade currently, but will also add an Ethereum short as well. (probably ok to do a naked short or own puts) Best of luck! Ivan Labrie.
Short
by IvanLabrie
1
#ETH Uptrend is Defined, Bulls May Reclaim 0.082 BTCPast Performance of ETHBTC ETH bulls are in the driving seat when writing, reading from the formation in the daily chart. For context, ETH has outperformed BTC in the last two months, adding an impressive 65 percent. Although ETH is currently down, prices are above the dynamic support line, which is the middle BB, and if they press on, they would likely reclaim August 2022 highs. #ETHBTC Technical Analysis Following gains of August 25, ETH bulls have unwound losses it posted versus BTC on August 19. However, those gains have been reversed at spot rates. The positive news is that ETH prices are back above the 20-day moving average, aligning with the primary trend established in July. As of now, aggressive ETH traders may load the dips in smaller time frames, targeting 0.082 BTC or August 2022 highs. However, this forecast will hold as long as prices are above 0.074 BTC or last week's lows. Meanwhile, conservative trend traders can wait for a clean close above 0.082 BTC before riding the emerging formation, aiming for 0.089 BTC or December 2021 highs. What to Expect from ETHBTC? Losses of late last week have been reversed, and ETH prices are back in an uptrend despite earlier losses today. In all, the primary trend has been defined and ETH bulls may edge above August 2022 highs in a continuation pattern if ETH bulls reject lower prices by today’s close. Resistance level to watch out for: 0.082 BTC Support level to watch out for: 0.074 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer