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ETHBTC trade ideas

#Bitcoin Bulls Firm, ETHBTC May Break Below Rising WedgePast Performance of ETHBTC After weeks of higher highs favoring Ethereum, the pendulum is swinging. Bitcoin buyers are taking charge, pressing lower as demand picks up. Overall, price action is confirmed within a rising wedge, technically in a bullish pattern. Even so, as long as prices are capped below 0.077 BTC, Bitcoin bulls have the upper hand. #ETHBTC Technical Analysis Roughly ten days ago, a bearish engulfing bar printed on January 12. The bar reversed ETH gains and was with high trading volumes. It set the trend of what is today. Selling momentum is also developing as prices break below the primary support trend line of the rising wedge. If the bar has equally high trading volumes, BTC bulls can double down, targeting 0.068 BTC, or lower in the days ahead. This level coincides with the 50 percent Fibonacci retracement line of the H2 2022 trade range. Any surge above 0.077 BTC or the 23.6 percent Fibonacci retracement will cancel this bearish outlook, swinging prices in favor of ETH bulls. What to Expect from #ETHBTC? ETH buyers are in charge in the higher time frame as prices increase inside a wedge. Presently, BTC bulls are cranking up demand. Subsequently, prices may fall lower toward immediate support levels. Resistance level to watch out for: 0.077 BTC Support level to watch out for: 0.068 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Is the merge the catalyst of the ETH flippening?It is incredible to see the spotlight on ETH as the MERGE is all the talk on Bloomberg and CNBC. This narrative will only get louder as we near the long awaited celebration of POS. Daily Transactions on network: ETH 1.3m BTC 225k ESG Goals: ETH will be 99.95% more efficient than Bitcoin. Bitcoin, is still being mined by China Coal - *Bloomberg Citation Total Value Locked: ETH $34.1b Billion, Bitcoin $0 Staked: ETH has over 11% of circulating tokens staked. Bitcoin has 0 staked on network. Hodling Rewards: ETH Staking Rewards are estimated to be 5.5-13.2%. Bitcoin does not reward holding with passive yield. Tokenomics: ETH will be cutting new issuance by 90% (equal to three bitcoin halvings). While burning ETH in every transaction making it deflationary. Bitcoin is increasing supply for another 140 years as the underlying supply inflates. Deflation will decrease supply of tokens making the price of eth rise. Bitcoin increasing the supply of tokens will make the price of bitcoin drop - (Miner pressure). Bitcoin would need to see over $20m of inflows daily just to break even due to mining selling pressure. Just because there is a cap, does not make Bitcoin protection against inflation. Bitcoin itself is inflationary like fiat. Security: According to the report just released by ConsensSys today, Ethereum's network post merge will be up to 20 times more secure. Eth2.0 is significantly more secure than Bitcoin, as for $3-13 Billion USD (chump change for America/China/UK/Australia/Japan etc) Bitcoin's network could be taken out with a 51% attack. There is a misleading idea that to have a 51% you would need 51% of the tokens, this is incorrect. As for eth, you would need over 51% of the validators. ETH is more secure, as a malicious actor would need to spend billions on acquiring more eth, to then run more validators which would make the price of eth skyrocket ever more. Possible yes? Realistic LOL no, as all the while they will run the risk of getting their staked position worth billions slashed, which again would lead to more eth scarcity bringing the price up ever higher. Future outlook: Bitcoin is done as upgrades are ill advised. If Bitcoin were to be fixed (POS) the network would fork again as the miners are making fortunes dumping newly created (inflation of bitcoin supply) tokens onto bitcoin holders daily. ETH post merge, has a lengthy roadmap that includes sharding, this will finally tackle the fuel fees (making the cost to use the network significantly more economical), increase scalability, speed and capacity of the network. The next comparison we should investigate is the trend as far as market dominance is concerned: Likewise, we can see the recovery in ETH has been superior to BTC. In fact it seems that on days we drop, like yesterday Bitcoin falls harder, while on positive days Ethereum outperforms. As I stated Ethereum has the Alpha. That analysis is linked below (Related Ideas) for those interested. Jung stated that for a tree to reach heaven, its roots need to grow to hell. Likewise like everything in crypto: IT WILL EVENTUALLY CRASH I do not recommend chasing price. I already am long, however I plan to add to the position in the buy zones as labeled below. If we break above the EMA ribbon, I then simply plan on buying even at a higher price & then letting the winner run: Let's talk about practical utility.: --> Bitcoin does have use in El Salvador, and the finance minister Alejandro Zelaya said bitcoin adoption has been beneficial to El Salvador's unbanked population. Citation available below. -->Visa and Mastercard announced settling transactions with the ETH token USDC. " The credit card provider that moves billions of dollars each day in 200 markets today announced it accepted the first settlement payment in U.S. Dollar Coin (USDC), a cryptocurrency pegged to U.S. dollar in a 1:1 ratio, from its global crypto wallet partner Crypto.com over the Ethereum blockchain. " Citation available below. -->The European Investment Bank (Partnered with Goldman Sachs) issues its first ever digital bond on the Ethereum Blockchain. " The EIB launched a digital bond issuance on a blockchain platform, deploying this distributed ledger technology for the registration and settlement of digital bonds, in collaboration with Goldman Sachs, Santander and Societe Generale. " Citation Below. --> The Reserve Bank of Australia released the positive results of their research project " The project involved the development of a proof-of-concept (POC) for the issuance of a tokenised form of CBDC that could be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform ." Citation Below Citation: China Coal * www.bloomberg.com El Salvador Finance Minister www.bloomberg.com Visa Will Start Settling Transactions With Crypto Partners In USDC On Ethereum www.forbes.com The European Investment Bank Digital Bond www.eib.org Reserve Bank of Australia Public notice www.rba.gov.au Project Atom Research Paper www.rba.gov.au
Long
by ZenMode
2
ETHBTC - Broken Above Symetrical Triangle!We've got a significant break upward with ETHBTC at the moment - breaking out of this symetrical triangle it's been trading within for the last few months. With a Long signal from Crypto Tipster v2 last night we're already seeing gains of a few % in just a few hours! Get your SL in at just under the most recent tradinf range, around 0.071 and watch this rise up to meet the most recent swing high, grabbing around 8 or 9% profit. If you enjoyed this idea, agree or indeed disagree - drop us a comment, like & follow! :)
Long
by theCrypster
3
ETHBTC, breakout IMMINENT! 📢📢ETHBTC has been relatively strong during this bear market. This is one of the first times an altcoin has held up so well against BTC during a downturn. Fundamental analysis: ETH has indeed changed a lot since the 2018 bear market. Thanks to the NFTs and DEFI which only exist (really) since this bull market, ETH now has a lot of value capture compared to before. The maj of The Merge also helps in the stability of the ETHBTC price, the issuance of tokens has been reduced by 99.6%. This corresponds to a decrease in selling pressure from mining by the same percentage. This is a huge change compared to previous years. We can also talk about the fact that ETH in circulation can now be staked for about 5% annual return. It should be noted however that an additional selling pressure may occur during the implementation and activation of the withdrawal of staked ETH (date TBD, could take several months or years). Indeed, the ETH put in stacking cannot be withdrawn for the moment and thus leave the market temporarily. Furthermore, the number of staked ETH on LIDO (biggest staking protocol) is constantly growing with a 5% increase month to month. Technical analysis: Nice weekly consolidation triangle. We are currently in a no trade zone, I think an upward resolution is more likely but I will not take a trade because in reality it is more like 50/50. Watch out for a break, then it will be time to take positions. I have highlighted the important technical areas. I'll do an update on a breakout. See you guys, and don't hesitate to smash that 👍👍, it motivates me :)
by THISMA
2