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ETH continues to hold the short term up trend against BTC. I've zoomed out on this chart to show what my long term thesis is for this relationship. We have been in a long consolidation pattern (triangle) which I'm viewing as a continuation pattern of the up trend for ETH over BTC. An approximate price target measure from the flag poll would see ETH being worth...
ETH is clearly in a local uptrend inside a longer consolidation triangle. RSI is strengthening showing ETH commitment to the move. I'll be looking for a reaction to the top trend line of the consolidation triangle when it gets there. Will it break through or will it reverse and let BTC have another go at running the show. Only time will tell.
No change here with ETH still outperforming BTC. Price has reached the center line of the larger consolidation triangle which has previously shown reason for pause or retracement. If BTC was to fall through support here we might see ETH fall harder and BTC regain some dominance.
After a quick retest of the trend line, ETH has resumed its dominance over BTC. I'm expecting this to continue until we reach the upper long term consolidation trend line.
Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. ETH Broke out of the channel and is currently retesting the resistance turned support. I expect two scenarios here. Either we start pumping from here or...
Looking at ETHBTC we can see a large triangle or similar to a bullflag This could breakout nicely upwards which I think it will The other scenario however is that this is a top formation and the two squares both indicate points of a double top I am very bullish on Ethereum with Visa's involvement
A little bit ago i posted a TA on ETHBTC and we were trading inside of this descending wedge which is a very bullish pattern and i talked about seeing an upcoming breakout and that is exactly what happened! We are starting to gain some nice momentum coming out of this falling wedge and we are coming up on some very important daily closes for ETH against BTC! We...
Looking at Ethereum vs Bitcoin we see a clear descending wedge which is very bullish in itself and as you can see to the left of our current wedge we had another descending wedge which blasted us upwards once we brokeout. Think we are looking very good overall and wouldn't put it past ETH to pull this off again! We have a very heavy support area below us shown by...
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 of the week and on...
The bullflag positioning (in green) is perfect for a massive breakout to the upside Further than the prior fib level ATH (2.618) Time will show
ETHBTC chart is at major resistance... with a second major resistance right above it. This can mean 2 things: - Bitcoin starts rising faster than Ethereum from here (today we can experence BTC in the green and ETH in the red) - Ethereum starts dropping faster than Bitcoin Most likely the first scenario is on and it makes sense to me that Bitcoin will rise...
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 of the week and on...
ALTseason could be upon us, ethereum just had a beautiful breakout against BTC out of this descending wedge! We are currently facing some resistance at the 0.2 FIB but we did have a nice wick pretty well above here! We notice on the MACD we are in and out of a bullish cross and we gotta look for separation in the MA's once the bull cross happens, we need to see...
Bullflag present Also a more discreet inverse head and shoulders present Multiple minor trends pointing to the 1.272 fib level 200MA is really flat and looking to start to curve to the upside Lets go ETH
Ethereum has been trading perfectly in this descending triangle and we have failed to breakout the top many times and now we could indeed be in for a fall out of the bottom of the triangle, from what it looks like there isn't a lot to worry about and this could be a potential fakeout to the downside, as we have many many supports below us this could be a tactic to...
ETHBTC ENTRY AND TAKE PROFITS/EXITS! - This is a strategy for ranges, do your own research and TA before entering a trade, this is NOT financial advise, it is an idea.
3 Bearish Peaks can be observed on the ribbon indicator This lead to a bear run Now 3 Bullish Peaks (based on trend) can be observed on the ribbon indicator. Is this an early indicator for a larger bull run on the BTC pair for ETH? For me it is. Currently price is under 0.786 on the 3rd peak, and should hold above the pattern that has formed, leading to a...