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...
Great spot for a very small speculation entry. Normally when price consolidates like this it is a balance between the demand / supply in the open market, problem is once it sways to one direction it will be violent. I still see the possibility that BTC hitting a supply shock to over $140,000 will destroy this pair harder than what happen with LTC/BTC. (note)...
Ethereum is very bullish, in my opinion. We see that the price went below the parallel channel, but there is no bearish follow-through. In my opinion, this is a bear trap, and we will continue to go higher. 27% pump is my net target; take profit at the top of the trendline, as you can see in the picture. The good news is that the ABC correction has been completed...
Ethereum is currently bearish because the price is below the major trendline. I am currently bearish and expecting lower prices, but if ETH rises above 2320, I will become bullish again. What are the possible reversal points? Definitely 0.618 or 0.5 FIB retracement of the previous uptrend. 0.5 FIB is not that significant for the crypto market, but in this case, we...
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A curved channel clearly showing bottoms and peaks. A rise to the middle of this channel would put ETHBTC at around 0.12. Big rise.
ETH/BTC is now in HTF range bottom with an upside opportunity of 70% until range high. Ethereum ETH is the only other cryptocurrency beside Bitcoin BTC that is now being considered for an ETF. Everyone's attention has been disproportionately given to Bitcoin, while TA and inflow models show both range-low price and reaccumulation patterns. Range top target is...
#ETH Since the beginning of December, Ethereum has been moving well, breaking the patterns it created On a 4-hour frame, breaking the downward trend of corrections We now have a break in the downtrend for correction and the beginning of an expected rise Current price 2300 Expected target 2437 This rise is supported by bullish momentum And strong support areas