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ETHBTC trade ideas

$ETHBTC: Ratio bottomedI think we might be seeing some rotation out of Bitcoin ETFs into Ethereum positions, possibly front running the ETF approval next week, but also hedging the supply overhang from Mt Gox coins + Germany's seized BTC stash hitting the market. Ratio chart is bullish in the daily and could easily turn bullish in the weekly, while monthly chart shows a monthly down trend expiring during July, which could predict mean reversion back to 0.07 BTC per ETH. I've hedged some of my crypto risk due to a weekly down trend signal triggering in BTCUSD, using OTM put options, so I am more confident in weathering a potential storm, but don't discount the possibility of Bitcoin rebounding in tandem with ETHUSD rallying after the ETF goes live next Tuesday. (it sure rallied when the approval news came out) Best of luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
1
ETH will outperform BTC in the future!www.tradingview.com The chart above is a chart of ETH/BTC over the past six years, combining the 100-week moving average and the RSI index at key levels. We can see some interesting patterns here, which are as follows - The MA key level is the 100-week moving average, which has been facing resistance or support, but is currently above the price and the price is on its way to break through resistance. - From a broad view, the current price is trying to bottom out and bounce back in a rounded parabolic pattern, similar to what we saw in late 2019 - Currently, the RSI index has broken above and supported the downtrend line of the past year or more and is moving higher, as it did in the second half of 2019. Based on the above pattern, the ETH/BTC price is likely to rise (= ETH price relative to BTC price will rise more in the future) unless something weird happens.
by SignalQuant
ETH/BTC REVERSAL?Could we finally see a breakout of the downtrend channel now that ETHBTC has bounced off the range bottom? Bullish scenario: If we see a breakout of the trend channel and new HH & HL then ETH could finally be ready to move up after the approval of the ETH ETF's. Bearish scenario: If the range low is lost and price is excepted at those levels then the downtrend continues... I do think the general market did not expect an ETF approval so soon and so the inflows we saw for BTC were just not ready to capitalise on the ETF.
by ProR35
Ethereum God candle coming 6/15/24Ethereum is looking extremely bullish. I am of the opinion now , and I have already swapped a huge clip of BTC into Eth. Also bought LDO and UNI yesterday at 10.5 and 2. Ether is about to go fully mainstream. It will do things that Bitcoin could only dream of. Smart contracts, staking, metaverse, p2p, near instant finality. Unlike slow and old Bitcoin, which I think is going to be hard to knock off as king. But eth is going to come for top spot. I wouldnt bet on all the shitcoins too much. Just buy Ether. maybe a position in PEPE, some Uni and LDO/Chainlink. BUt heavy ETher. NFA
by BrandonrG
ETHBTC. Should we look for buying opportunities?On the weekly time frame (TF), there has been a sideways movement since May 2021. The seller's vector 11-12 interacted with the lower boundary of the range at 0.049081 several times. After the first interaction in January 2024, the buyer performed well with a single weekly candle (January 8th), forming a buyer's zone (blue rectangle on the chart). A similar situation is happening now, with the weekly candle on May 20th also showing a good spread and volume, creating another buyer's zone (blue rectangle on the chart, with the upper boundary at 0.05206). Since the seller's vector has reached all its targets within the range, the current buyer's vector is 12-13. The potential target is 0.085621 (~50%), and it seems reasonable to look for buying opportunities. However, the question remains whether the buyer's activity will develop further or if the price will update the local minimum again (0.04473). It is reasonable to look for buying opportunities on the weekly time frame from the buyer's zone (upper edge – 0.05206), with the idea of realizing the buyer's vector 12-13. The first potential targets are 0.06117 and 0.06257, with an ambitious target of 0.085621. Let's examine the lower time frames to determine where else it is reasonable to look for buying opportunities. Daily Time Frame On the daily time frame, there was a seller's trend. The last seller's impulse started from the level 0.05249 and ended at the level 0.04473. Then, there was a buyer's impulse, and now the price is above 0.05249, indicating that the seller's trend has stopped. The key candle of the buyer's impulse (the highest volume in the impulse, marked as "KC" on the chart) is at the end of the impulse. Buying opportunities can be considered if the buyer defends the levels at 0.05332 (the key candle of the impulse) and 0.05249 (the price of the last seller's impulse started from), with the idea of initiating a long trend and breaking above 0.05744. It would be cool, during the seller's attack on the level 0.05249, the price moves into the buyer's zone on the weekly TF (0.05206 or below), and then the buyer brings the price back above 0.05249 and defends this level. If the price falls below 0.05249 and the seller defends this level, it is likely that the price will move towards the local minimum (0.04473). 4-Hour Time Frame The price has formed a sideways movement. The buyer's vector 6-7 has reached its targets. The current seller's vector 7-8 has a potential target of 0.05322 (see the 0.05322 level on the daily TF above). The lower boundary of the range is 0.0525, which coincides with the 0.05249 level on the daily TF. It makes sense to look for buying opportunities on the 4-hour TF if the buyer defends the levels at 0.05322 or 0.0525, based on the idea of the buyer's vector 8-9 within the range. Sales can also be considered from the seller's defense of the 0.05622 or 0.05744 levels, based on the idea of the realization of the 7-8 vector within the range.
by AlexeyWolf
Trade Signal for ETHBTC: Direction Buy**Trade Setup** Direction: Buy Enter Price: 0.05304 Take Profit: 0.05388 Stop Loss: 0.05219 **Analysis and Justification** I have provided this forecast using the EASY Quantum Ai strategy, which incorporates advanced algorithms and quantitative analysis to identify optimal trading opportunities. The recommendation to buy ETHBTC at 0.05304 is based on the following factors: 1. Technical Indicators: EASY Quantum Ai detects a positive trend formation on the technical charts. Indicators such as the Relative Strength Index (RSI), Moving Averages (MA), and MACD suggest bullish momentum, indicating a high likelihood of upward price movement. 2. Market Sentiment: Sentiment analysis reveals that the market participants have a favorable outlook towards Ethereum in the BTC pairing. Increased trading volumes and positive news surrounding Ethereum developments further support a bullish bias. 3. Support and Resistance Levels: The entry price of 0.05304 is identified near a significant support level, presenting a low-risk entry point. The take profit level at 0.05388 is placed near a resistance zone where the price is expected to encounter selling pressure, making it a strategically sound exit point. 4. Risk Management: To mitigate potential losses, a stop loss is set at 0.05219. This ensures that the trade closes out if the market moves contrary to the predicted direction, protecting your capital. **Conclusion** This signal is generated with the expectation of ETHBTC moving upwards based on the rigorous analysis facilitated by the EASY Quantum Ai strategy. Ensure to monitor the trade progressively and adjust as needed based on market changes.
Long
by ForexRobotEasy
ETHBTC - Bottom in?So far this chart has been doing exactly what we thought it would to ever since losing that 0.06 level in October. Imo those impulsive green candles are candles to sell into. I would rather see a decent time capitulation after finding a bottom, followed by a slow and steady grind upwards. I like trading this as a strategy that's delta neutral in the market. Buy BTC, sell ETH or vice versa. So even though ETHUSD might go up, my base case is that ETHBTC will keep on bleeding for a while longer, and I'm assuming that it will keep on making lower highs each cycle against BTCUSD. if we reclaim 0.06 from here, that would confirm a more bullish structure shift and first sign of strength on this pair.
Short
by Tealstreet