As we look at the ETH/BTC chart, we see a very large consolidation pattern very similar to Bitcoin before it broke out from its 3-year symmetrical triangle consolidation pattern. ETH looks to be setting up to make a very large move, in the not-so-distant future. We see the same symmetrical triangle with a well-defined inverted head & shoulders pattern that could...
Price bounced from the strong support line. Considering that the altcoin season starts - I expect growth of ETH/BTC. Another correction to the support level is possible.
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Trend - Upward
Pattern - Symmetrical triangle
LONG / SHORT - LONG
BINANCE:ETHBTC after the fall is now on the road the recovery and have entered an upward trend. So far things looks positive.
If it continues to move in this channel then soon it should be able to break upper part of the triangle and should be able to reach R3 Zone easily.
Also EMA 25 has...
ETH/BTC, two friends who rise and fall together are now heading towards potential Double Top. However there are higher chances that ETH bounces off its support(black dashed line). If it breaks the support then there are higher chances that it will complete Double Top and will fall further.
Better to keep on your radar for next 1 hour and then we will will know...
Can we do it 3 times in a row? Let's see, ideas directly on the chart, see similarities in RSI and MACD as well.
Target - previous high on Daily as displayed, then 0.061 btc.
More evidence, as evidenced by BTC dominance weekly:
Whatever Bitcoin Dominance does, Ethereum will do the exact opposite, proven over time. At the top is Bitcoin Dominance weekly chart, flipped upside down. Below is ETH / BTC weekly chart, normal.
Should BTC Dominance break down here and complete its head and shoulders pattern, Ethereum / Bitcoin pair will complete its HSi and move up dramatically in the same...
Ethereum/Bitcoin it's bullish. that mean Ethereum it's grow up against Bitcoin in based in their Bitcoin value and calculations. Ethereum have a cost of 0.032 Bitcoin.
That mean, if you apply a strategy supposed to accumulate 10 Ethereum coins. Easily you can to get your first or 1 Bitcoin completely. Remember, 1 Bitcoin it's like a Gold . For that, I invest in...
A bullish case for ETH-BTC
Similarities in price action can be seen within the boxes
This is better shown on the log trend indicator
The 200MA is extremely flat, suggesting that it may rise rather than fall
Also the Ichimoku indicator shows that price has broken above the cloud, now the cloud will act as support for price rather than resistance, such as it did in...