This is an updated version of my first Sol.D idea. I've studied all top 50 alt dominance behaviour, paying attention to ETH.D behaviour and market cap, BTC.D (which may end up holding 25%) SOlBTC and SOLETH. All scenarios tells the same story, ETH is on a downtrend just as BTC, all fibonacci channels are doing the same, and all attention is setup to ETHBTC as...
Ethereum is going down, but soon it will approach strong support. There is something missing on the chart, and in my opinion, it's this right shoulder of a head and shoulders pattern. It's pretty likely that Ethereum is going to go sideways for the next 30 days, but what you can do is buy low in the range and sell high in the range. After we complete the head and...
Looks like our big diametric E wave is over. We have a bearish CH on the chart and Ethereum is willing to reverse IFC's moves. Ethereum can then drop to the green box. Note that even this green box may be broken. We need confirmation and a strong trigger to buy again For risk management, please don't forget stop loss and capital management Comment if you have...
Bitcoin consolidates around FWB:41K -$43k as ETF excitement settles: In the wake of the much anticipated approval of spot bitcoin ETFs last week, bitcoin (BTC) prices initially jumped to FWB:49K before suddenly dropping to FWB:42K as investors processed the news of approval and analyzed the data on the flows and volumes from the first day of trading....
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...
#ETH On the 1-hour frame, we have an excellent triangle within which the price is trading and has largely adhered to its limits We have strong upward momentum. The price is expected to continue rising by penetrating the triangle upwards Entry price 2530 The first target is 2565 Second goal 2593 Third goal 2625
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...
Bitcoin could be approaching a cycle low in the next 3-9 months. Zooming in on the weekly chart, you'll see that price tends to develop a horizontally defined resistance *after* hitting a cycle low and consolidating. Once price breaks out from that resistance, it triggers a buy signal. This is the type of action I want to see to get long with size. On the...
I'm going to put this straight forward simple. BINANCE:ETHBTC , essentially representing the price ratio of Ethereum to Bitcoin, serves as a key indicator of market dynamics between these two leading cryptocurrencies. Due to the recent Break Of Structure on this Chart, I was curious enough, at what prices are we looking at in USD, in order for the ATH to...
Weekly a bit confusing , Though the Weekly candle is insane , This area is a bit shady now , we are still hours away from a weekly close, i prefer waiting for a weekly open for more clearer view.
Here's that image again as I am seeing it, it usually gets messed up when publishing a chart so I've saved it here: Though this is not coming out of a downward move, the pattern looks incredibly similar to Wyckoff Accum Schema # 1, and just coming out of the Spring, moving towards LPS and then SOS. We could see a strong move up for ETH here. I have shown some...
ETHUP is a leveraged token It is a dangerous and risky spot product that is a coollection of futures exposure. Leveraged tokens do have baked in decay and inherent risks. They ultimately go to essentially zero. However, when there is strong upwards momentum then leveraged tokens can benefit shorter term holders without risk of random wicks liquidating entire...
ETH/BTC Is not looking good ⚠️Lost Diagonal Support ⚠️Lost 200 Week Moving Average ⚠️Lost June 2022 lows Could we see a repeat of the last cycle with a dip into the blue zone for 10 - 12 months with a 30%+ decline? I suspect a shorter timeframe, what do you think? CRYPTOCAP:ETH CRYPTOCAP:BTC PUKA
I think ETHBTC has bottomed, if not will bottom this month. that in turn means that BTC.D has topped which means alts will have more legroom. Can go on binance and long the ETHBTC Perp in futures.. best average entry is .0513 with daily SSL (soft stop loss) on .04949 Could be more than a couple years until we see ETHBTC or BTC.D at these levels.
Stophunt of old points of resistance and support can often lead to a reversal Now that price has grabbed potential liquidity and stops set for previous lows.. price can now reverse. ETHBTC has hunted that liquidity grab or stophunt as we call it. That gives it room to now reverse. Failed breakdowns can fail fast If this breakdown does fail then have to be...
ETHBTC pair is showing a weekly divergence (not confirmed until weekly candle close). If the RSI divergence forms, we can expect ETH/BTC to rally to its previous ATH until June, and possibly discovering new highs after that (if the narrative doesn't change). I have to mention that with the current status of the market and many people shifting to other L1s, This...
I still watch this pair every day even though I dislike the entire Ethereum ecosystem. But we have seen the triangle pattern wick down indicating strength is dropping by too much from the BTC price flows, this pattern has been forming since 2016 that is 8 years!. And please not this is before the Spot ETF flows has commenced, I don't really see a way Ethereum...