We already wrote about ETH potential growth. You can find it in related ideas.
If history repeats itself and usually it does we should reach the short term bottom before the midterm growth can begin.
BTC dominance is around 70% and when we reached around 55% it went sideways so altcoins started to produce some results.
That looked mostly like bounces. However,...
I set an alert here to monitor this chart, if $ETHBTC were to fall below 0.02405, things could turn from bad to worse in the ratio chart.
I'm currently long $ETHUSD, and waiting to exit in profit, and I think at one point during July we may get a retracement in crypto markets accross the board...I also think $ETHUSD can confirm a monthly uptrend during July, so I...
We've recently found success identifying short opportunities for ETH/XBT and BTC/XBT using our K2 indicator.
The Indicator is based on the Commodity Channel Index(CCI). Specifically, it uses a modified fast and slow CCI, as well as upper and lower bounds, to pinpoint the ideal time to enter a short position.
On the graph, you can see the slow CCI shown in...
Bitcoin was pretty boring last night so I threw up a daily ETH chart today. In terms of sats ETH is a steal right now. The USD chart tells a bit of a different story. There is a lot of resistance above ETH at this time. It does seem like ETH is trying to bounce off the fib. If BTC continues to sink this chart will likely start to look a bit better. Anyways we are...
Short the green line because the line represents an untested level - the low of the pin-bar at the swing high.
SL the white line because it's 2 levels of resistance above.
PT the the white line because it would appear to be an untested level of support - the high of the pin bar at the swing low.
It is clear we've got a 2016 fractal on ETH. A lower high, support that held for some time with many wicks and bounces, and when it dropped the price went and filled an untested area from earlier during the pump. For now the ETH bubble hasn't popped against BTC. Bitcoin is sucking all that money and ETH can't do anything right now.
Yes it is on a TD 9 on the...
Ethereum's Bitcoin pair has recently broken out of a many year descending triangle setup. The question now is whether we breakout to the downside, or upwards. Remember symmetrical triangles, especially on a shorter timeframe are almost always continuation patterns.
Ethereum has broken out of a many multi year descending triangle. I don't have a specific target for this breakout (as the implied target of the pattern is negative),but would look for indications of a bottom before closing.