like a monkey with a miniature cymbal the joy of repetition really is in you under and under and under and under and under the spell of repetition really is on you
With a huge divergence on the ETHBTC pair, some Alts gaining force, and the convergence with a old supply zone for Alts, I can see a HUGE alt season in the making.
If my view is right, the altcoins shall do the best performance in their history.
BTC leads, the rest follows? This is ETH against BTC, not USD! So as long as BTC doesn't do a big dump, it sure looks like ETH might push next. With BTC being close to ATH and ETH still missing another 30% just to get to ATH (in USD), that does seem plausible enough. Going by this projection though and assuming at least a stable BTC at the current levels...
Looking at the weekly chart of VANTAGE:BTCETH BTCETH we can see that since the beginning of 2023, CRYPTO:BTCUSD has been steadily advancing relatively with CRYPTO:ETHUSD and has been at the new high for the last 2 weeks. This means that for trend-following traders, BTC is clearly a preference for trading in the long direction.
Relative to BTC, ETH hasn't had another ATH. Should this happen, and I'm not saying it will, these are the levels I'll watch. I haven't yet thought though the implications of this from a marketcap perspective.. who knows, this may not even be possible, but here it is anyway. w00f!
ETH will probably continue down against BTC. It's just broken a major support line, retested it so the continuation in the downward is likely.
Currently on a sideway trend support which started since May 2021. I see two likely scenarios; 1- Going further down to the green support line which is almost a 3 year support. There seems to be a good crossing point of three different supports which I tagged with a price label. It could touch there one last time before starting its new run. 2- Bounce up from...
Zoom out on COINBASE:ETHBTC to reveal an H/S inverted that hasn't yet hit TP 1 or 2 and is re-testing its breakout. For a more conservative set of targets (purple), it consolidated around TP 1 and is now re-testing its neckline. Conditions for success: remain above the yellow and/or purple necklines.
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ethbtc bullish,will touch before ressistant will touch before ressistant
When we talk about officially breaking down is when a weekly candle closes below, or above, a certain price level. This happened for ETH/BTC this week showing more weakness in the Altcoin market, and in crypto in general:
A possible Gartley harmonic pattern forming on eth/btc chart indicating a strong bull run for ETH pairs against BITCOIN.
the price is now in the most critical zone which will determine the immediate direction of the market! now the price has reached the second test of level 61.8 + in this zone we have support for the 100 moving average, and the trend one, which should give us good data for purchasing a large part of the market players, but if this level is not maintained, there is a...
ETHBTC ~ 1W 📈 #ETHBTC It's quite interesting to place small purchases here, make purchases gradually with a minimum target of 20%+
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📊Analysis by AhmadArz: this analysis for jumping ETH to BTC in low support ... just wait for give zone .🚀 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!