ETH Idea: The price is forming an ascending triangle. Breaking the upper border will be a bullish signal to continue the uptrend, and breaking the lower border will be a bearish signal of a trend reversal.
ETHBTC trade ideas
ETH is going down to $800 with The Quasimodo PatternETH/BTC weekly chart is forming a Quasimodo pattern. As a result, ETH/BTC will be going to a new Lower Low.
This means that if the BTC price rises, the ETH price will not perform that well, and if the BTC price falls, the ETH price will go even lower.
On the other hand, BTC Dominance is sitting at the 40% support zone. And it is expected to rise to the 42%-45% zone.
The ETH/USDT weekly chart shows that ETH is close to the $1000 "round number" support. But we anticipate this support will not be strong enough, and the next safe heaven will probably be $800.
If you're an ETH holder, it is wise to now protect your asset with a SHORT position.
The overall market is not worth scalping, so we advise that we just sit down and wait to see what will happen. Our prediction is there will be a large movement with BTC. Either reach the 12k-13k zone or it will successfully reclaim the 20k mark. Only time will tell.
We are Chainslab. Let us know what you think.
ETHBTC - Too Much Huggy With 50MA 🤗This is a very exotic chart but chart behaviours regarding moving averages remain the same.
ETH is spending far too much time resting on the 50 day MA here.
And it has already fallen through to then bounce and recover in this area.
But now it is again resting on the 50MA - if it falls the chance of a bounce recovery is less.
With BTC looking bearish if it falls and ETH falls through the 50MA then it could have a MAJOR collapse.
From there the next critical juncture is the Demand trendline.
If that breaks ETH is in big trouble...
Not advice.
The Ethereum bull runEthereum is currently at 50% of its bull run
Long entry: 0.072 btc
Take profit: 0.40/0.60 btc
This is my personal opinion and this is not a financial advice! Good trading!
Altcoin massacre incomingHello, we can see tight bollingerbands on the eth/btc pair on the monthly(!) timeframe, which means that soon we will see ALOT of volatility going on.
As we are still in a bear market its not hard to tell in which direction.
Alts are trading as a segment, i expect other altcoins to heavily sell off soon too, not just eth.
Personally not planning to trading this, but putting it out there as a warning for what is to come in the next weeks.
It may go (way) lower then my green supp zone.
Be careful out there and do your own reasearch!
Dont invest more then you can afford to loose as the whole crypto ecosystem is a massive bubble. (which i expect to pop in the next months ahead)
ps: dont hold USDT!
ETH/BTC is bullishEthereum is looking strong against Bitcoin and probably will climb more before capitulation and Nee ATH
Next Targets 0.08 / 0.09
ETHBTC looking strongWhile ETHUSD isn't looking the hottest right now, ETHBTC is looking pretty good. ETH was able to put in a bullish inside bar/ pin bar vs BTC on the weekly. For this setup to remain valid price needs to stay above the low of the pin bar but optimally I'd like to see it stay within the channel. Target would be the upper end of the channel if the setup plays out.
So after all ETH is bullish, kind of... Crypto market is dumping, so obviously I'm not saying ETH is going to make some magic pump.
I only expect ETH to behave in a less bearish manner compared to BTC.
In my previous ideas I spotted a Cup&Handle formation with a H&S at the handle, which dumped PA to the support which then corrected with high amounts of volume.
It created this inverted H&S formation in the process :)
Confirmations already took place, so yeah ETH will be less bearish than BTC during this dump, and also probably be much more bullish after the bottom.
Expectations for alt season are rising.
ETH BTC battle for dominance ETH BTC dominance has been a battle over the last 18 months or so fo sho but it looks like ETH is poised for its next run at the King for another step up the ladder over the next 2-3 months
ETH/BTC Technical Analysis ( Expecting -70% Down from here )#ETH/BTC Technical Analysis:-
#Ethereum currently trading at 0.075 BTC
This is -18% down from This bull run ATH
I am Expecting big Dump coming few weeks so Ready and Prepare for dump.
As my Knowledge ( not Chart ) I am expecting -70% Dump in coming few Months.
So Never Go All in any Altcoins now.
I am Now Talking about Altcoins in BTC Pairs.
My 3 Targets for ETH/BTC
Target 1:- 0.055 BTC
Target 2:- 0.037 BTC
Target 3:- 0.023 BTC
Hope You also Learn and Understand the chart.
Thank you.
Keep Support.
ETH collapsingBTC and the whole crypto market is dumping as predicted.
ETHBTC PA still behaving bearish even at support. What I mean by that is that I only see continuous creation of ascending trends with bearish break and retests.
I expect further downside with greater emphasis on ETH than BTC.
My previous Cup&Handle idea seems to have been already invalidated or on the verge of being invalidated, I don't trust that idea anymore.
We all have to wait for PA after the dump to analyse it and get some more insights, altseason will have to wait.
ETHBTC Trade CallEntry: 752-763
Stop loss: 744
Take Profit: 818+
Expected Call Duration: 2 Weeks
Call strength: Med
Call risk: Med
Ideally, enter trade off of the 200 period 1.25 stdev, and stop out if price goes below that pivot.
ETH short term bearish but long term bullishI have already posted ideas about the recent bearish action of ETH.
On a macroscopic scale though we can clearly see how a Cup&Handle formation is developing on ETHBTC, meaning I expect bullish action after the bear cycle dump... Altseason?
That remains to be seen, although my expectations are high, but for now bearish bias stands seeing how after the pump a H&S formation has developed, which as I already said in my last idea is still waiting for a definitive confirmation.
After that the game will change, I'm confident about it.
ETH Idea: The price formed a pennant pattern and dropped to the lower border, around the 50 EMA. Support levels are indicated in case of a bearish scenario. RSI drops below 50 into bearish zone
ETHBTC long term Cup & HandleIt looks like ETH might be in the progress of completing a long term cup and handle. I think it will drop a bit further down to a fairly common fib retrace point. Target is a fib extension of that point starting from the bottom of the cup to the top of the right end of the cup, and then set to the aforementioned retrace point. If it shows strength towards the bottom of the handle, I'll consider buying. I would recommend zooming in to the 4hr/1hr etc if and when it reaches that point, which seems likely.
BINANCE: ETH/USDT (Inv. H&S)As we see bitcoin has been supported by 19k and made a nice bounce to 21k. So far every thing looks good but there is a catch. Total market still reacts to bearish trendline while Total2 has already broken it. it just needs a HH to strengthen the idea of alt party. meanwhile ETH shows strength against bitcoin and formed an inverse head and shoulders pattern in W1 which gives hope to the other alts. as you see RSI bearish trend line broken and retested in W1 and gives bullish vibes too. Don't forget that Merge effect hasn't kicked in for some reason. Always DYOR before entering any position or trade.
🛒 Pair: ETH/BTC🛒
== SPOT==
⏰ 1401/08/09 ⏰
🕰 31/10/2022 🕰
Duration:
📈 SHORT - MID 📈
Ex: Binance
#96
🛒 Buy : 0.074 - 0.078 🛒
👉Sell Targets👈
🎯TP1: 0.082 🥉
🎯TP2: 0.086🥈
🎯TP3: 0.090 🥇
🎯TP4: 0.095 🚁
🎯TP5: 0.099 ✈️
🎯TP6: 0.109 🚀
⛔️ SL: 0.072 by closing D1 below
ETH Idea: The price is forming a bearish wedge with the strongest bearish divergences and signals. The price will break the lower border of the wedge and drop to a strong support level near the daily 100 MA
ETHBTC Awaiting A BreakoutAwaiting a big move
This is suggested as a result of the large bullflag printed on chart (in green channel)
I would like to see an ATH of 0.25 ETHBTC but its really hard to call the tops
ETHBTC - Crash of BTC dominance / Alts SeasonClear Cup and Handle pattern. Ethereum currently has much better tokenomics compare to BTC due to ecosstem of dapps, NFTs, offering lending, borrowing and other services, as well as burning mechanism making ethereum deflationary. And that is just a tiny drop in the ocean, there are many other strong alts with huge ecosystems that will contribute to upcoming rally. All major OG (XRP, LTC, BCH, EOS) alts have already made ultra lows against BTC and ready for a new cycle growth. So, just like in 2017 Ethereum will lead alts into a massive RALLY, crushing BTC dominance down to 5-10%.
ETHBTC is bearishETHBTC is in a bearish market structure on HTF such as weekly and daily. at the area of golden pock fib retracement, we are looking for a lower high. price has perfectly backtested an untested daily and weekly order block which has confluence with golden pocket, value area high of the range, and Monthly Level. considering BTC dominance rising, I expect that Ethereum and altcoins underperform BTC in the coming months so I look for places to short altcoins.
ETHBTC testing resistance second timeWith Cosmic BB SR length set to 21, the weekly chart price has reversed (😎) from the current resistance and since has dropped over 20% but not even mid-way to support before reversing back up. It is worth paying attention as we approach another resistance test.
