Major Wyckoff horizontals identified. If the inverse head and shoulders finishes painting this is an easy long.
#eth / #BTC pair is moving in the descending channel and nearing to see a local bottom. If price takes action there #ethereum price will likely overperform #bitcoin for a while. Not financial advice.
I think it's time for the altcoin market to start moving with the market leader
ethbtc has been in the never ending channel of pain since Oct '22, but we think that's finally coming to an end. successful retest and reclaim of the April '22 low (pink box). eth looks great here, which likely signals the real start of alt season.
Charts always tell a story. Not familiar with the fundamentals of ethereum at this moment but expecting another %30 correction from here before i long eth/btc.
I want there to be an altseason, I want a ton of alts to fly to the moon and have a crazy fun time. ETH/BTC has broken under a trendline from 2019, never even managed to make it back to it's 2017 highs in the previous cycle. I don't understand how someone can look at this and not worry for the future of alts tbh
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Are we going to get a halvening before the Halvening. Ethereum priced in Bitcoin is giving us the headsup that things are not right in #crypto world After being so strong for so long we have broken down through our stop loss for a Bullish #HVF and now appear to be spilling towards legacy ratio's if #Ethereum does go on a tumble expect your #altcoins to...
I believe ETHBTC will find a definite bottom on the neckline of the previous IHNS shown in the chart, also for ETHUSD it seems we are starting our engines! All good and according to plan until we have a close under 2850 (invalidation)
As of writing this ETHBTC is trading at .4508 Current arena - Ethereum was once the future of finance, however other sybil friendly VC chains have front ran it on crypto's greatest value proposition of creating rug pulls with dogs on them. Technicals - On a monthly timeframe ETHBTC has just completed it's first death cross . And has dumped front running this...
looks dumpy, a good time to leave markets until back at IFVG levels for a higher low.
Posted for a Commentor Agree btc is looking dominate
rounding top, trendline invalidation, fail, lost horizontal support. Difficult to detect a possible target. Perhaps zero.
I expect the price of altcoins to make a downward movement in order to stabilize the price in sync with Bitcoin, and in my opinion, there will be no alt season this year.
I'll try and be as brief as possible in this one. I believe this to be a pivotal month for ETHBTC. Either we see a full-fledged no-excuses breakdown confirmed with a weekly close below the last wick on said timeframe, or I will continue to think that a macro low is being formed here. There is everything you want to see here if you're going to take a bullish...
With a huge divergence on the ETHBTC pair, some Alts gaining force, and the convergence with a old supply zone for Alts, I can see a HUGE alt season in the making.
If my view is right, the altcoins shall do the best performance in their history.