Hello, dear friends!😊 This week has been bloody enough!😱 Hope everybody stayed safe and profitable
Remember, sunset always changes to sunrise!🌞
I would like to show you what POSSIBLY awaits us in the coming week!🔥
That's my update to Ethereum charts💣
On the weekly chart of Ethereum vs Bitcoin, we can see an inverted...
Back in the Summer of 2019, I made an effort to call the bottom in ETH/BTC. Here is the original analysis:
I also made a speculative analysis showing that I believed Ethereum could actually reach nearly half an entire Bitcoin in the next cycle. Although it didn't play out in the...
Analysis for ETHUSD and ETHBTC
These are the daily charts
On the ETHUSD chart an expanding ascending wedge can be observed, this will likely continue, leading the price to mid 3,000's
This theory supported by the bullish state of ETHBTC with "open" moving averages (50 -> 100 -> 200) and a wide Gann range
Ethereum looks very strong, while Bitcoin looks rather weak...
Pullback can happen at ETHBTC at the end of wave E and in that moment ETHUSDT can finish the cycle also!
So Watch ETHUSDT and ETHBTC correlations now because we are very near by the targets!
Right now we will see some resistance but as we approach July we could see Ethereum really start to run higher and outperform Bitcoin.
Long term I believe Bitcoin will be pinnacle crypto as we need to price everything in a universal asset. With the Taproot upgrade the foundation for multiple other innovations to Bitcoin the future isn't over for Bitcoin....
I got this wrong last time and jumped back in when I realised the level it broke.
Now looking at the macro picture, I believe this is now going to play out.
All the best.
The big picture
Judging from the Inverted Head and Shoulders pattern, and ETH's front run in the latest race for crypto ascendency, I suspect we will likely see this trend continue. The breakout sees ETH continue to strengthen against BTC in a move that initially targets 0.051 (YR2 Pivot) and looking for a full target near 0.067. Support will remain at the current inverted HnS...
We could see the last few days ETH/BTC pair was pretty bullish
Now for me ETH can take a break not necessary fall, meanwhile BTC can start to recover today or tomorrow
This is of course a bullish scenarios for both BTC and ETH
In the second window we have ETH/USDT - here i believe ETH can go up a little more.
Es mi primer técnico para determinar mi entrada de una cripto a otra. Mi base fue un retroceso de Fibonacci sobre la caida de Febrero, posteriormente una extensión de Fibonacci sobre el impulso de inicios a mediados de Abril. Así determine que una buen área de entrada podría estar alrededor de los 0.04432BTC
if the ETH Dominance occurs will this mean the true season for alts is coming and top 10 or 100 coins will pump ? maybe some defi coins aswell .
what will this mean for bitcoin ?
consider all options, for me .. i call bullish.. im all in on UNI the centralized exchanges had their shine in the spot light. what about the first decenteralized exchange UNISWAP...
The same situation as with pair XRP/BTC. We're starting to break the line. If u trade to BTC, take note. Potential - 100%
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P.S. I personally will open entry if...