I bet that this zone will be squeezed, it's a retail trendline after all, liquidity is below. I'll switch bullish-maxi on ETH after this 35%. Might not happens ofc.
I personally see something like this to potentially play out where ETH drains BTC in sats as of now most would dismiss something like this but it's lining up quite heavily with my alt market cap view being close to bottomed out or even potentially bottomed out, When alt season hits ETH is usually the leader of the pack and the leading indicator that it's go time....
◻️ETHBTC I expect the annual trend to break.
◻️If you take it apart from the technical side: I would not consider this asset now, after the trend breaks. Exceptionally short.
- Input: 0.068
- Take profit: 0.062
- Stop loss: 0.071
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I think that ETH/BTC could be playing this upward channel. Price now being at the bottom of this channel (close to lower edge), plus the white downtrendline has been broken. I see possible backtest of the white downtrendline and then move up. So for me buying ETH for BTC makes sense and also alts should be good to go. Target would be top of the channel...
imo eth/btc has been holding well and we have a massive ascending triangle pattern which is the blue triangle.
inside of the ascending triangle pattern we have formed a bull flag, i have measured the target of the bull flag which is the upper resistance of the ascending triangle
Ethereum's ratio to Bitcoin has been consolidating for nearly 13 months (left). In 2018, Stellar Lumens (right) consolidated against Bitcoin for roughly 11 months before dropping off a cliff. Will the same happen to ETH here? It will need to maintain the uptrend, held since 2016. Any larger decline from here will result in a breakdown from this channel, which I...
What makes me think that we are set to pull back. I know the situation is dangerous, don´t bet what you can´t loose.
But 24500 should be the strongest resistance now, it needs to breath over 30k ish so it can maybe really test the 200 weekly average.
I it goes right away to the 200 weekly I am going all in, what can I say. In BTC and ETH ONLY!
RIP FOR ETH guys
that's eth btc chart and looking going to drop so hard the daily on eth we already in down trend take advantige on this short expect this drop to be tomorrow sydney open tokyo hong kong .
that's m pattern be safe all good luck
Uptrend. After the breakdown of the consolidation resistance, the price forms a range between 0.07596 and 0.07328. The price is accumulating energy for a possible further movement
After the extreme test of resistance 0.07596, the price returns to a near resistance retest and consolidates near the level, gaining energy for growth
I assume a breakdown of resistance...
We published ETH analysis back in March 2022. Back then we did the analysis not because we wanted to trade it but because we wanted to verify our hypothesis. We would say, it kind of verified our hypothesis.
What happened was ETH broken above our fibonacci extension golden pocket and touched the fib speed resistance fan 0.618 line. After that it comes back to our...
We have a decent looking Slanted Head and Shoulders Pattern developed on the ETHBTC pair that could take us down to the next support at 0.01 BTC while at the same time the USD pair looks to want to see $600
ETH vs BTC looks good - neutral.
1. As long as is above 21 EMA Weekly we can hope for an altseason this year.
2. Portofolio should be prepared for any move so risk management is key here.
3. Moon above 0.085
Do you think that ETH can flip BTC this year?
Ethereum has been in an uptrend against btc in a parallel channel for almost 1 year now. However, within the channel we are seeing bearish divergence on the RSI, with the ratio producing higher highs and lows, but the RSI producing lower highs and lows. As crypto is in a bear market, we can expect ETH to begin losing ground to BTC which could take form in a dump...
ETH/BTC is in a textbox wyckoff reaccumulation/bull flag right now. the next step is a jump across the creek. ETH is in a disguised bubble, compared to Bitcoin. Also see the structural similaritires with nasdaq dotcom bubble.
Final ALTSEASON in 2022.
Thankyou.
BINANCE
