This currency pair can be considered as the origin of the movement of altcoins after the movement of Bitcoin. According to this chart, it can be seen that the price in this currency pair is being compressed and there are few buy orders and in such cases the price tends to go down.
the current pattern is a false bull flag, and this does not bode well usually. The top of the flag is 0.0787 area and the support 0.0715 right now. The stochastic RSI is negative, and this adds to the believe we will see lower again.
Strategy SELL @ 0.0725-0.0730 and take profit near 0.0630. Place stop if desired @ 0.0790 for now.
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ETHBTC dropped out of the yellow channel, broke the lime uptrendline and backtested the white downtrendline where price found strong support from Hulk.💪 After the bounce up price reclaimed the lime uptrendline and even got back inside the yellow channel and...
The dominance of Bitcoin is growing. When Bitcoin is growing - altcoins are growing less or without rising. Bitcoin falls - alts fall even more.
Paired with ETHBTC, we see a Wyckoff Distribution Schematic #2. We are currently in Phase D. The price is approaching a support zone. Most likely, there will be some descending trading near this zone. We will form LPST (a...
#ETH /BTC
seeking to test the highest value since mid-January w/ a new HH today
Unless POS transition dates are again delayed, I believe it will continue to advance toward new highs
The UCTS indicator agrees & is bullish across several timeframes (25% since the latest 1D Buy)
Hello friends,
Today, I would like to bring to us ETHBTC chart. Believing that smart traders among us must know its implications when ever ETHBTC signal BULL or BEAR. Let me help you all, its signal always precede what ALT market will do.
Very quick one not to waste our time, we have ETHBTC price break important Bullish structures on weekly with price crossed...
Don't fall for it, it's coming down again. :)
We can see a clear weekly triple top.
Break down of neckline, now a re-test of the structured right shoulder.
This environment should not allow the weekly to close above.
Too many indicators pointing lower, probabilities for a lower low is high.
Feel free to leave your thought
The price has reached the upper boundary of the wedge. Bearish divergences have formed, RSI has reached the resistance line. Possible price reversal down
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...
The price has formed a rising wedge. If the RSI falls below the trend line, a strong correction may begin with the breaking of the wedge, as many bearish divergences formed
#ETH /BTC
seeking to test the highest value since mid-January w/ a new HH today
Unless POS transition dates are again delayed, I believe it will continue to advance toward new highs
The UCTS indicator agrees & is bullish across several timeframes (25% since the latest 1D Buy)
ETHBTC has reached a day orderblock, we can expect a shift to the downside from this area, within the local structure on 4H, there's a change of character to the bearish environment, i'm expecting a sell on this market
ETH should hold 0.066
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I wanted to share this potential roadmap for ETHBTC ahead of EIP1559 in July.
Fits Livermore's schematic nicely and the weekly resistance levels also make sense.
Lets see.
filb.
Hello Traders,
ETH/BTC completed first wave 1 100% & correction started 50% to 100%. so guys trade setup mentioned on chart. you can short it upto full swing low & print more money.
all targets given you can use FIB level for you take profit.
Thanks.
