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This Chart Supports Our ETH Chart
Keep In Mind ❗
🟣 Purple structure -> Higher TimeFrame Structure.
🟢 Green structure -> Daily Structure.
⚫️ Grey structure -> 4h Structure.
🟡 Yellow structure -> <4h Structure.
Important : Please Use RM (Risk Management) and MM (Money Management) If...
A Trading Signal is seen in the ETHBTC Ethereum / Bitcoin
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 0.0595
⭕️SL: Close below 0.0570
🔵TP1 @ 0.0680
🔵TP2 @ 0.0765
🔵TP3 @ 0.0985
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I saw this. Lmao, do you people think there's a solid chance it will happen or is it just moon mentality acting up because of the recent pumps ? If it happens we could see a 20-60k eth by the end of the bullrun if btc reaches +200k.
THere's been a lot of excitement around Bitcoin lately, especially with latest ETF, but I suspect that between the beginning of November and the end of the year the hype will settle down, and investors will begin to swing back toward altcoins.
Guys Ethereum looks very dangerous to me. Looks like a double top pattern has been formed and the weekly trend line has been broken. What's interesting to me is this chart is kinda like the reversed chart of BTC.D (BTC.D has formed a double bottom pattern. I put a link below).
💎 ETHBTC has formed a falling wedge. The price has got rejected at the support zone and it is expected that it breaks above the resistance and continue the Bullish move. aftre the breakout we might see a pullback before the bullish move
🏁 Short & Medium Term
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🎳 Entry at Market or at 0.059500
Please note that the whole idea is based on the assumption that ETH drives the altcoin market, which of course isn't 100% true, but trying to get a general narrative of the market..
With Bitcoins pump and BTC.D rising over the last week we can clearly see money flowing out of altcoins. The bounce from lower trendline that had place on 12th of October let...
ETHBTC is the market for Ethereum paid for in Bitcoin. It provides the long term holder of ETH or BTC the opportunity to move assets in either coin between the two major cryptocurrencies for growth depending on which coin is performing better at any given time with respect to a given fiat currency, such as the US dollar. As such it directly couples the BTCUSD and...
ETH has been performing better than bitcoin ever since nfts, stablecoins and dApps got popular. I think this trend looks set to continue.
If you want an oppertunity to increase your BTC holdings, trade some (or all) of your BTC into ETH (not financial advice)
This chart shows ETH/BTC with an inverted Bitcoin Dominance (BTC.D) chart.
Do you see two double tops here?
Or do you think this is too soon, and alt season will continue - onwards and upwards to even greater heights?
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Two things to watch for when we are in a bull cycle waiting for an alt season to begin, are:
- BTC dominance weakening/consolidating after a sharp rise
- ETH/BTC becoming stronger. When ETH starts outpacing Bitcoin, this is generally a sign that we are on the brink of an alt-cycle.
As ETH is currently flirting with the 200 MA and the green support area, this is...
Spot holding assets like BTC and ETH and other ALTs do not change for this Idea. This idea is only applicable for trade account trade tactic.
Risk Reward for buying ETH for BTC during this descending triangle makes little sense for me. I will wait for a clear pierce upward the resistance line.