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ETHBTC D4: BREAKDOWN / 35% DOWNSIDE REMAINS(NEW)
IMPORTANT NOTE:...
#ETH/BTC Technical Analysis:-
#ETH currently trading at 0.0631 BTC Level.
SuperTrend Is also not in favour.
SuperTrend Trying to Breakout support.
Parallel channel support already Broke down and Now Ethereum in BTC pair also Bearish.
Now I am expecting -46% down from Breakout Level.
First Stop Will be 0.0464 BTC level.
If failed to Hold 0.0454 BTC level...
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.
Support and resistance are created by the decision making of market participants, as they operate within an environment of uncertainty. Decisions to buy or sell are made through referencing current price against previous areas which caused significant emotional response, in particular those areas which led to regret of missing out on opportunity, or those areas...
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...
eth/btc chart and finding support again but this time with a head and shoulders pattern! the 200 weekly moving average (red line) is right at a support and is in confluence of this target breakdown! if this breaks down btc will hold up better then eth.
Ethereum will grow strong vs Bitcoin, or so this chart is saying.
We can see bullish consolidation above EMA100.
The MACD for ETHBTC is now on the bullish zone while the RSI is super strong sitting at 63+.
The downtrend that started in Dec. has been broken after a higher low...
You can find the targets on the chart in yellow.
This will be a nice one.
Thanks...
◻️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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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...
They say that BINANCE:ETHBTC pair can tell you when the bottom is set for general crypto market.
We shall see that in April. I have converted all of my altcoins that I accumulated lower into BTC and ETH in the past week. LUNA/BTC pair gave me the most profit.
I am not using this to buy or sell ETH spot bag. I will probably use this to SHORT/LONG ETH at defined levels.
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
First things first,
Fundamentals and supply and demand are the two major driving forces of price in any specific market.
When talking about fundamentals, Ethereum is far ahead of the heard when it comes to:
-Web3 & Decentralization: Ethereum is arguably more decentralized than Bitcoin (why you may ask) because there are more gas fees in $ terms everyday. That...
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!
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...
COINBASE
