ETHBTC The price has broken through a strong resistance level, but is forming many bearish divergences. If the price breaks another resistance level, it will rise to 0.063btc
ETHBTC trade ideas
ETH/BTCThe crypto markets have had their own little rally led primarily by ETH, which pulled close to its June and July highs while BTC has remained a few percentage points behind.
There don’t seem to be any specific drivers of the sudden move - perhaps just a short squeeze that caught ETH bears offside, or perhaps participants getting excited about the Merge which is supposedly scheduled for mid-September.
This dynamic can be seen in the ETH / BTC chart which I'll break down and welcome comments or additions from those of you who get across these types of scenarios.
What is ETH / BTC?
Pairs are basically the relative value between two compared currencies - case and point, ETH/BTC.
To state the obvious, ETH is the ticker for Ether and BTC for Bitcoin... we're on the same page. If you have looked any exchange platform, be it crypto or forex etc. you'll see a broad range of tradable pairs.
Another example, take Japanese Yen and U.S. dollar, JPY and USD. On a given exchange platform you'll see JPY/USD pair available for trade. Pair ETH/BTC or JPY/USD and you get the represented ratio between the two currencies. In ETH/BTC, for example, the current value is equal to 0.058....
This effectively means that 1 ETH is worth 0.058 BTC, or just shy of 6% of the value of BTC and if you want to buy one ETH, you need 0.0058BTC. This relationship stands the same for all pairs.
What the current ETH / BTC chart tells us is that in the past day, ETH's value relative to BTC's increased by over 5%. If you were to apply technical analysis to the chart as you might any other tradable product, you could expect a re-test of local resistance of 0.065 - 11% up from where we are now. Were this move to fail, there are also compelling reasons to consider a significant move down to a longer-term trend established in 2016 and re-affirmed in 2019 / 2020. Not only is it critical to consider 'what if' scenarios of a failed trade, it's crucial to maintain bigger picture context of what drives the trade.
While not financial advice (some technical analysis is as inconsistent as mediocre tea-reading when misapplied), it's interesting to note that these types are observations provide edge for lots of different kinds of trades - particularly, pair traders would be all over a simple trade such as long ETH and short BTC in a scenario like this - as long as the thesis plays out.
Again, there are lots of ways to go about it and there are many more subtle nuances, correlations, and even multi-pair trades that take the subject many layers deeper.
Noted that the chart is formatted in the daily timeframe with a range dating back to January 2017. Further, 50, 200, and 800 exponential moving averages are included, as is relative volume. While not a huge fan of any single indicator or strict use of trend lines, I appreciate where convergence tells a story.
Ethereum - Wyckoff Events and PhasesThe dominance of Bitcoin is growing. When Bitcoin is growing - altcoins are growing less or without rising. Bitcoin falls - alts fall even more.
Paired with ETHBTC, we see a Wyckoff Distribution Schematic #2. We are currently in Phase D. The price is approaching a support zone. Most likely, there will be some descending trading near this zone. We will form LPST (a last point of supply) and SOW (a sign of weakness). Next, we are waiting for Phase E.
Best regards,
EXCAVO
ETHBTC the price has broken the lower border of the bearish flag, which indicates a continuation of the downtrend. I think the price will bounce to 200 MA and then continue to fall
How to trade ETHBTCIt's very easy . . . First follow the 1st rule: identify the major point ( Avg points)
2nd . . . You have to know how to use Fibonacci for confirmation .
3rd . . . Never forget the structure of financial market ( Market bug / manipulation )
So . . . Do you understand ?
ETH MAXIs wont be happy about this chartcoulnt push to retest that high, not looking good with this downside momentum for the vitalikbros, questionable move to POS behind this?
EHTBTC Long IdeaETHBTC daily range drawn
Midpoint marked up (middle line)
15 min bullish orderblock identified (blue rectangle)
Wait for retest and long to nearest swing high
Stop loss at nearest swing low
ETHBTC 6M ChartETH-BTC 6M chart reveals that we can have a supporting candle at 0.4 then raises to 0.1 later
ETHBTC 2M ChartETH-BTC 2M chart reveals that we can have a supporting candle at 0.4 then raises to 0.1 later
ETHBTC LongThe bullish trend seems to continue as multiple bullish candle sticks patterns are visible
ETH/BTC - UP, DOWN, MOONI think ETH in pair with BTC will correct a little bit more and will move up in next few days. After finishing correction I would like to see some reaction on the support marked on the picture and ater some period of accumulation huge move towards upward band of the channel what would mean we will do wave V, the last one in this bull market.
ETH/BTCTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Weird looking chart. I don't normally chart BTC pairs so not sure how this one will turn out.
Charting against USD is a lot easier, against btc its unpredictable. It's highly unlikely that any coin will outperform btc.
ETHBTC - Amazing Monthly PositionTwo different ETHBTC pairs
The latest candle has positioned itself above the Channel
A very very bullish scenario for Ethereum
$eth btc local long$eth vs btc also looks primed locally.
slow play with the weekend, but should keep running and retest that resistance zone around .057.
ETHBTC The price formed a bearish wedge and broke it down. He can work out as a bearish flag and the downtrend will continue with a new low or with the formation of a double bottom. Basic MAs are resistance
ETH/BTC to 0.035 by September ( Chart #4 )Having linked the Bitcoin chart since its inception with Ethereum, Total Market Cap and ETH/BTC
All charts will be released successively
ETHBTC The price failed to break through the 23.6% fibo level and is falling to the uptrend line, from which it can bounce up again. Bearish scenario - formation of a bearish flag and a price drop to the Fibonacci level of 38.2%
ETHEREUM / SuperCycle / PoS / CommerciumHispanus
Super Cycle in $ETHBTC
Next change to PoS: momentous event
$BTC.D is still low, with $ETHUSDT down -80% since its recent ATH, I believe that large entities still have no sales initiative and do not believe that the market is in a "crypto winter" process if not a deep correction
Proposed scenario is of accumulation before an upward movement in high time frames
I am bullish for the medium and long term on both $ETHUSDT and $BTCUSDT
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Greetings to all and good luck!
Ignacio - 🌎 Commercium Hispanus
***Cryptocurrency trading is subject to high market risk. Carry out your operations with caution. I always do my best to choose high quality coins, but I will not be responsible for your trading losses.***
Ether recovery helps crypto revisit US$1 trillion market cap Ether and Bitcoin reached their highest levels in 10 days on Sunday (June 26) as the market showed some signs of stabilisation. The No. 2 cryptocurrency advanced as much as 5.8 per cent to US$1,279.06 on Sunday (June 26) before pulling back on Monday.
The rally comes after the token dropped as low as US$880.70 on June 18. It appears to have found support around its 200-week moving average, which currently sits near US$1,200.
No. 1 Bitcoin topped out on Sunday at US$21,860, after having fallen as low as US$17,742.83 on June 19. It hovered around US$21,000 on Monday, bringing overall crypto market capitalisation just below US$1 trillion, accordin to CoinMarketCap. Bitcoin represents more than 40 per cent of the crypto market's value.
