A lot of people are asking about altcoins.
In the cryptocurrency market, the main driver of all altcoins is Ethereum. So in this idea, we will analyze the global and local situation of Ethereum to Bitcoin.
Looking at the higher timeframes, Ethereum has been squeezed near the trend line for quite some time. This is good because after the accumulation there is a...
This is Ethereum's month by no doubt. It's strong start on the 1st month of the year made me look again at ETHBTC on the monthly (1M) time-frame and I found a very interesting pattern.
It appears that we have completed the Inverse Head and Shoulders, which started at the end of 2018. Such patterns are technically signs of a trend change from bearish to bullish....
Looking at ETHBTC we can see a large triangle or similar to a bullflag
This could breakout nicely upwards which I think it will
The other scenario however is that this is a top formation and the two squares both indicate points of a double top
I am very bullish on Ethereum with Visa's involvement
At the moment ETHBTC is at key support and doesn't look either very strong or very weak. However ETHUSD is gearing for a big breakout. It is just 10% away from a new ATH, while it keeps testing the 4k resistance. 3.6-3.7k turned into support and the market looks really strong.
For ETHBTC it remains to be seen whether Ethereum and most alts take a backseat as BTC...
ALTseason could be upon us, ethereum just had a beautiful breakout against BTC out of this descending wedge! We are currently facing some resistance at the 0.2 FIB but we did have a nice wick pretty well above here! We notice on the MACD we are in and out of a bullish cross and we gotta look for separation in the MA's once the bull cross happens, we need to see...
Ethereum failed to recover above the $3,120 pivot zone against the US Dollar. ETH price is declining and it could extend its losses below $2,950.
Ethereum struggled to recover above the $3,120 and $3,125 resistance levels.
The price is now trading below $3,080 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance...
Also a more discreet inverse head and shoulders present
Multiple minor trends pointing to the 1.272 fib level
200MA is really flat and looking to start to curve to the upside
Lets go ETH
Ethereum has been showing very high strength recently pumping even while BTC falls in price, and as BTC dominance gets lower and lower the altcoins and ETH will start to really explode! we have blew past many key areas recently like the pivot point, the first level of resistance and now the 0.2 FIB level, if we can manage to hold the 0.2 FIB for daily close...
ETH has been performing amazing against BTC recently with a beautiful breakout of the descending triangle, also we have well passed the bullish pivot point a few days ago and we continue to hold it for the overall trend reversal. We are just beginning to take a ride up the top bollinger band with the past couple candles hugging that top band, if we continue to do...
Ethereum looks bullish against bitcoin in BtcEth pair
Macro targets in the chart if the bull pennant breaks out as the plan.
Take under control Bitcoin and Ether dominance to have more accuration if you trade Btc\Eth
Ethereum can overperformance bitcoin in long term
You dont need sell ethereum in usdt, just swap it in bitcoin for higher gain