I'd like to bring this insight to the community:
ETH/BTC chart seems to be respecting a curious symmetrical price action since November 2019. And if this continues to be respected, there will be some agressive moves ahead!
So far so good!
This symmetrical relation has been quite accurate for 5 times, from points 'A' to 'E' on the chart. Highs...
Following the previous analysis of this currency pair, it seems that sub-wave 4 from wave 3 is completing as a triangle, and in the near future there is a possibility of the formation of sub-wave 3 from wave 5.
Pattern: Triangle on 1D.
Signal: Buy when the Lower Highs trend-line breaks. The pattern appears to be following the previous similar Lower Highs sequences within the Fibonacci scale.
Target: The 2.5 Fibonacci extension.
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I think ETH will lag to begin w/ when BTC breaks out of this range.
Current structure just looks too toppy.
I'll wait to ape in until a break above ~ .07.
(yes obviously USD price will still go up so don't freak out)
Also I still think ETH/BTC will make a higher high before the end of the bull run.
#ETH/BTC Fresh Update:-
#ETHBTC currently trading at 0.0717BTC
As per Long term chart ETH after broke our Very Big Resistance now Trading at Retest level.
So What Now..?
This will be also good buying Entry.
Major Support is 0.058 BTC
Above this support I am bullish and My target will be 0.0150 BTC
But if break down this support then #ETH/BTC will enter in...
Actions speaks louder than words, but this familiar Triangle will explode every chart after the upgrade.
Expect the unexpected like they say.
Target: 0.19-0.20 ETH/BTC
As the crypto market consolidates after a raging bull run, traders scramble to see where the chips have fallen.
An interesting chart to look at is ETH/BTC. Now that the initial excitement is wearing off, it is perfect for recalibrating and considering a longer-term perspective. Here, we see the last four years of the ETH/BTC chart. We see that during crypto...
I've been looking for the correct equation for a straight line on Semi-logarithmic scale for some time. The base equation is as follows:
log y = mx + log k
m = slope of line = (log y1 - log y0) / (x1 - x0)
k = y-intercept: value of y where line crosses the x = 0 axis
While this equation is absolutely correct, the result of plotting it on logarithmic scale was a...
Can't get better odds than this. If the pivot low holds there is an 80% probability of the price reverting back to the median line. Currently the target is +45% but the longer it takes the higher the target. A realistic target would be around 80%
The low is at the 0.618 fib
Pivot low need to hold
Entry: at current price 0.03077
Best entry at...