The price is pressed against the resistance for a year and a half. On a large timeframe, there is a false breakdown, after which a correction to 0.382 and the reaction of the buyer. We can expect a continuation of the correction to 0.618, where the POC of the recent trading is located and a second exit beyond the resistance on the news background of the next week.
in this pair is playiing Wyckoff dystribution. Eth/btc is going to take lower sow.
Ethereum is much stronger than Bitcoin and this trend should continue until we hit the major resistance from 2017, which is approximately another 85% upwards. As you can see on the chart, this whole market structure looks like an ascending triangle. This triangle should break downwards, if we don't want ETH to flip BTC on coinmarketcap. Keep in mind that...
Hello Everyone! a little Fundamental analysis : The world is in a destructive state, inflation is rampant all over the world, Food crisis is right around the corner, Federal Reserve continues to raise interest rates to fight inflation, Russia has cut off the gas on Europeans, Also Russia has invaded Ukraine, And China has the same intention with Taiwan. All...
Trading Broadening Tops The breakout direction for Broadening Tops The trade is to buy when price touches the lower trendline for the third time. Very often these patterns have partial rises and partial declines that are followed by a breakout. When price rises from the lower trendline and fails to make the upper trendline it is likely to breakout lower. When...
On our original bearish ETH/BTC call we were wrong in that we were certainly early, but will ultimately be proven right. With that said, our analysis explaining the clear disagreement in the direction of the wider cryptocurrency markets between the 'ETH faction' and 'BTC faction' which started with Bitcoin topping (more or less) back in the spring (see 'The big...
This is the ETHBTC pair on the 1W time-frame where it's shown trading within its long-term trading pattern, a Triangle. On the August 08 1W candle it tested the top (Lower Highs trend-line) for the second time and after pulling back for two weeks, the current candle is again on the verge of hitting it. Can it break this time? Well, the same Higher Highs formation...
The pre merge enthusiasm caused a big rally in both the ratio and dollar charts, both charts just flashed a short signal in the daily chart with very tight stops and big reward to risk, with open ended downside if it keeps trending down after the 1st range target is hit here. I'm long $SPY vs a long $BITI position as a pair trade currently, but will also add an...
$ETH vs $BTC trendline breakthrough happening now, lets see if this holds until end of day.
ETH/BTC is struggling big time to break resistance from a bearish monthly order block all the way back from May 2018. Also, as we can see on the KST oscillator the momentum is dying off as there is a monthly cross down which is a major sell signal.
When breaking the wedge there is a high chance that the price will reverse upwards.
$ETH/$BTC trendline breakthrough in the play (log chart)
Ethereum management revealed the launch date of Ethereum 2.0 is September 6, 2022. What will happen after?
Healthy recovery of a strong bull trend . price doesn't go up in a straight line :)
ETHBTC flat continuation pattern Directional target towards 0.057 2D Macd has shown the shift in momentum with the negative cross over Break below 0.068 will give bears more strength 3D macd could cross negative in the upcoming days/weeks. This will strengthen the bearish momentum. Sen Crypto,
No change in view,. We are moving slowly lower, and the negative RSI and declining ADX suggest we should see 0.0630 area in the near term. The break below trend line also helps in that believe. Strategy SELL @ 0.720-0.0790 range and take profit near 0.0635.