This is just too wild to be possible, ETH could be in a triangle since 2017, and we could have a "superycle" like never before.
Generally, as I described earlier, we experienced a short-term rise in ETH/BTC. Now, we are witnessing a significant decline towards a strong level, while the price either remains stagnant or grows slightly. If there is a rebound from here, I might assume that Ethereum will soar, if not to the cosmos, then closer to the orbit of 2800-3500
Boring, yes. Encouraging? Also yes. Why? Because we had RSI retest the blue descending resistance as support, which is something I have discussed a few times. There’s nothing to do here for me until ETH breaks out through descending resistance against Bitcoin - unless you caught the bullish divergence lower. That said, I am watching closely. This looks like it...
ETH/BTC bullish as i described in my chart. BTC may be in flat 40-45.5k, so i expect alt seasson and ETH at the new highs
If you have a look at BINANCE:ETHBTC pair then you can clearly see that we are about to have a Golden Cross in rsi in Daily Tf.. If this happens then would fly soon... What do you think about this scenario??
So far so good, the trade is in profit and out SL is at breakeven. However, Many people did not get first entry, is now a good time to add to longs? time will tell.
I had been slowly accumulating BTC into ETH while it remained in the yellow accumulation zone. ETH/BTC has now broken above 200 SMA. Bullish divergence on 21Dec'23, and have broken into the positive finally as well, since plunging below into the negative from 16Jun'23. Ichimoku Cloud looking to turn bullish on the daily as well.
Indicator on chart shows previous highs and potential future reaches for ETHBTC I expect ETHBTC to move in a curved channel that I have plotted in white. Reversal of ETHBTC on this Weekly timeframe is possible.
Currently, the RSI has entered a zone that often signals a shift towards an upward trend. The downward trend is nearing its end, and I anticipate that Ethereum (ETH) will begin to perform better than Bitcoin (BTC), or at least, stop lagging behind it.
K4 is breaking down the neck line of a potential double top bearish pattern. The possibility of breaking down is relatively high here. From K2 to K3, the supply pressure increased. It is likely that K4 will accelerate to breaking down. It means that it is not worth to hold more ETH than BTC temporarily. If K4 failed to close below K3, and even break up K3, I...
Oh, I've known situations like this. This is a 2W chart of ETH/BTC What is notable here in terms of the Ichimoku method? 1. Candles have dropped out of the cloud. 2. Kijun-Sen crossed the Senkou Span A and B 3. Lagging Span crossed Senkou Span B, but immediately returned. However, the notch is there. 4. Tenkan-Sen is trending downward. There are two major...
a daily bullish pennant breaking to the down and stochastic confirms the bearish trend of #ethbtc key support for ethbtc 0.055, 0.050, 0.044
In this weekly ETH/BTC chart, we observe a potential momentum shift. • Trend Analysis: After a period of decline, the market has formed a bullish engulfing pattern, which typically indicates a reversal. This is further corroborated by the price breaking above a descending trendline, suggesting a potential trend change. • Support/Resistance: The key levels to...
Is it better to hold Ethereum or Bitcoin? If you are interested in such question, you probably want to see the ETHBTC chart. My analysis is on the weekly chart. What we can see is that the ETHBTC formed a WXY Elliott Wave corrective pattern with a 1:1 FIB extension. If this pattern confirms, ETHBTC could reach a new high and pump massively. But the price is still...
Just a quick reminder that, even as the market, correct, Ethereum continues to slowly rise against Bitcon. I have high conviction that this is going to be the next solid trade and narrative and that Ethereum will rise.
There is a clear positive divergence on the daily frame with a return to the previous bottom, so I expect a corrective rise to the shaded area above, which is a strong resistance area now, and then a decline again to break its last bottom. Let us see.
Anything that follows is not to be taken as financial advice. This is the Binance weekly chart for ETHBTC, with a single indicator loaded on: the Bollinger Bands Width Percentile. The BBWP is a volatility indicator that measures whether or not we should be looking for the price action of the examined asset to contract or expand in relation to its own past...