This structure labelled in 1,2,3,4,5 repeats itself 3 times over the 100MA Its quite amazing how price action can repeat itself so similarly over such a short period of time
ETHBTC is looking for a place to push itself to new highs The 100MA on this timeframe is a nice starting point for price to return to the bullish side
Well, it's hard to get a nicer chart than what we are seeing here today. ETH has completed a very bullish "cup and handle" pattern, followed by a breakout and retest of previous resistance. Now are just seeing a breakout to the upside of that retest. This move is being supported by a Normalised MACD crossover as well as RSI moving back up. OBV has gone green...
I think wave 2 of 5 is complete and the price will start wave 3 of 5
A comparison between Polygon/matic (btc) and ETH(btc) The structures are very similar I have noticed also that both coins are primarily used in buying NFT's and other Internet items, further justifying the comparison I have just bought some Polygon based on this comparison and the above assumption
the price had pullback on triangle, maybe it wants touch again or it can go up. this chart show us the power of ETH
• A discussion with www.tradingview.com spurred me to think a bit deeper about ETHBTC. • Fundamentally, Ethereum is fantastic tech, and it is eventual that ETH will flip BTC. The potential is there, but the real questions are if, when and how? And these are questions which TA can provide better answers. • ETHBTC has been concurrently forming a cup&handle and a...
Crunch Time - This is an interesting juncture. ETH has pushed up to the upper resistance line of the consolidation triangle and now has a decision to make. Is it going to break through and run up to my target market high of 0.13 BTC, or is it going to roll over and fall down towards support on the lower support line of the triangle? Technically it's not clear....
ETHBTC: it completed wave D, i think needs to have wave E and after that the price can breakup triangle.
Ethereum is looking absolutely amazing against Bitcoin right now and over the past while, we recently had a little accumulation phase where we saw sideways and slightly downwards movement where we built up momentum and now we are breaking out and starting to make a nice run upwards! All shown by my second scenario yellow path, personally think this is just the...
ETH is showing new strength over BTC. We can see in the chart that ETH has been in a consolidation phase with BTC since its high back in May of this year. If we see a break of this consolidation to the upside the measured move will take us all the way up to the 1.414 Fib level at 0.13 BTC. In relative terms that would mean if BTC were to double in value then ETH...
Taking a look at Ethereum VS Bitcoin we have been following by second scenario path (yellow) pretty accurately actually and we are now facing a little resistance coming from the 0.0733 level but i don't think it is going to hold up, i expect us in the coming days to blast through here and continue to outperform BTC. The reason being is due to my outlook on the...
On this chart I have used Fibonacci Circles and the Gann fan tool to create trends and alignments that only are seen when using these tools The key takeaway from this in short, is the trend alignment along the bear circle and the bull circle, placing the current bull formation directly above it Also, using prior dates regarding bear run beginnings and bullruns we...
An idea for ETHBTC showing the interactions between the fib circle levels established from the strongest down and up trend interactions in white It looks like price is forming a semi-bullflag looking structure after its first bull move in this cycle More to come
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• ETHBTC has been in an upward parallel channel since early 2020. • ETHBTC temporarily broke out of this channel during Phase 1 of this bullrun. • Cup and handle being formed, lining up nicely with 1) ETHBTC as at peak of 2017 bullrun, 2) ETHBTC peak during Phase 1 of this bullrun, and ETHBTC phase during the mid-cycle consolidation phase. • Trade other alts for...
We reached the red 0.786 as expected. That was a crazy prediction (!). I think the bullish triangle scenario is really possible (green path). You know what that would mean for alts... Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos,...
At the opposing GZ. Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all your questions regarding the Elliott Wave Principle! Cryptos are updated every day...