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Ethbtclong

Time to Convert BITCOIN to ETHEREUM?! ALTSEASON Starting?!Is now the right to rime convert Bitcoin to Ethereum to increase your Bitcoin stack? One of the best risk reward trades in cryptocurrency is knowing when to convert between Bitcoin and Ethereum. You can easily multiply your Bitcoin stack while taking on relatively small risk as Ethereum is the most stable of the altcoins. So the question before us is "Is now the right time to convert some Bitcoin into Ethereum?" so that as ETHBTC rises, we will be able to increase our Bitcoin holdings. On the bullish side, we do have a double bottom breakout which has been confirmed by the break of the neckline, indicating that the ETHBTC pair is likely to head higher. Moreover, ETHUSDT has had a huge double bottom breakout as well on the daily timeframe that has a technical target of $3000+ (though we would've liked to see more volume on the breakout). On the bearish side, ETHBTC is running into trendline resistance (this is the trendline from a descending triangle), so the pair might get a rejection here. That said, if we are able to break out of the triangle and close above this trendline resistance, then we would have a double bottom breakout combined with a trendline/triangle breakout, which would be super bullish. Let me know in the comments below of if you playing it safe and waiting for a daily close above the trendline or if you are being aggressive and converting Bitcoin into Ethereum Now.
Long
by cryptotraderog
2
ETHBTC descending triangleAlmost at the apex of its descending triangle (or a bullflag, depends on how you draw it). The first higher high would be considered the breakout - price crossing 0.0641 BTC. You could set an alert or a stop-buy there. Once that happens, the closest resistance levels would be: 0.08-0.0825 - top of the pattern; 0.1 - major psychological level; 0.115 - measured move, length of the flag pole. Pattern would be invalidated if the price dropped below 0.057 BTC after the breakout. But I have to admit, I don't see a point of waiting for the proper breakout here. Almost half of my portfolio is in ETH already. It seems like such an obvious trade. EIP1559 makes Ethereum deflationary, and at the same time significant amount of volume is being forced out from centralized exchanges into decentralized ones. Most of retail doesn't mind the KYC thing much, but american "whales" will have to choose - subject yourself to ridiculous taxes, filing every trade as a taxable event, or move to Defi completely. You don't need a lot of brainpower to see what's going to happen, and ETH will win from this immensely.
Long
by CHARTKITCHEN
Insane Bullish Signal For Ethereum! FLIPPENING!*Disclaimer, this is not financial advice, just my opinion as a crypto enthusiast. ANALYSIS On the weekly ETH/BTC chart we have a "cup and handle" formation which is known to be one of the most consistently accurate chart pattern. PATTERN CHARACTERISTICS *The base of the cup is very smooth (rounded) rather than jaggedly or V-shaped which gives this pattern more credence. *Volume is drying up as the handle forming; reaching its presumed lows *The handle is a within range, dropping around 25% so far and staying in the upper range of the cups base. If the handle drops below 30% this makes the pattern less likely. *However this has been a very long cup and we are potentially at the bottom of this possible short bear market we're experiencing; which can cause extra weakness and shakeout, in this scenario the pattern would still be completely sound if there was a further shallow decline. TARGET *Target is calculated by drawing a line from the bottom of the cup to the top and adding that to the breakout from the handle *The breakout has not happened yet so this is still unconfirmed *Breakout should occur on strong volume and surpass the high of the cup's base ---> CALCULATED TARGET IS APPROXIMATELY 0.15 (which would take Ethereum back up to it's All Time High. Let me know what you guys think, is this possible, would this result in a FLIPPENING, would really love to hear your thoughts?
Long
by cmpkpersonal
2
ETHBTC long Cyber patternETHBTC possible long on PTZ for Cypher harmonic pattern. Cypher pattern often appears as complex correction of Elliott wave fractal. Also in typical running flat or typical 3th wave correction. If this is case, we should see 1st impulse (not necessary to catch bottom) and better to wait for pullback after first move. If not hold we can see level what I will watch on weekly. REMEMBER all this charts is education only based on harmonic patterns , Elliot waves and Fibonacci.
Long
by CryptoArch_
ETHBTC continue to rally after breakoutETHBTC has continued to rally after it broke out of the golden pocket resistance of 0.072-0.073. Not only did price break above this zone, it came back to retest it as resistance, and then double confirmed the breakout by closing above the high of the initial breakout at 0.075. Moreover, this also means that price broke above the neckline of the W bottom pattern at 0.0735. The price target for this pattern is 0.09, which would be a new high for this bull cycle. While I would have preferred for this breakout to occur while both BTC and ETH were rallying as opposed to ETH dumping less than BTC, this setup could be a good place for some portfolio allocation, especially for those who have their portfolio mainly in BTC and looking to diversify a bit.
Long
by cryptotraderog
2
ETH-BTC (ETH has the power..) weekly viewHello there traders and investors, or anyone else taking a gander! 😄👋 🌞 Today we will take a look at ETH and why I think we will soon be so bullish! (For this example we are using ETH/BTC pair..) Let me start by saying that ETH is no joke. Many think it will surpass BTC eventually, this sounds kind of silly to a few, but it is anything but silly! 🤪🚫 After a (0.382) fib retracement to approximately 💲0.053👀, I am looking to achieve almost full fib extension and go to our approximate target listed above.🆙🎯 Here are some reasons why:👇👇 👇 🔵Technically, we are looking very strong on this specific chart, we have seen a HUGE break up from a major trendline. The break started ~April 19th, about a week after Immutable X was dropped on ETH. ⏰📈💪 💨Here in this pair, you can see the dominance of ETH very clearly against BTC. ⏩⏩(in order to see the big candles that we see above, this means the price action of ETH during that period of time was substantially more bullish than that of BTC) 🧑 Vitalik has a lot of control over the price of ETH, which means he probably wants a nice correction so that going into the next bull market, we have strength to push to new highs. 🟡 Vitalik Buterin (founder of ETH) recently donated 1 BILLION dollars to charity, and to relieve India from the financial stress they are under due to COVID.(This could be seen as a good way to force ETH into an even healthier correction, which was much needed)👌📆📌 🧡April 8th of this year Immutable X protocol (easy 2-layer scaling) was released on the ETH blockchain, which is excellent for ETH and Immutable alike.✔🆗 💥Let's see what happens now! I am definitely bullish and looking to continue up as we form a giant parabola.🥳🧐 🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, always welcome. Thank you so much! Jazerbay 🤍
Long
by jazerbay
36
ETH/BTC Movement. Bull Run Not Over.ETH/BTC is the better BTC.D these days. As we can see, previous ATHs haven't been met even closely. If BTC retest 32k-34k range and holds, we might see ETH and Alts to strengthen against BTC throughout the summer. Going into fall/winter, we might see BTC reclaiming the ATH and getting ready to break out. In that case, fall/winter is the time to take profits from Alts and cycle into BTC. If BTC breaks the ATH we might get the next and final leg up in this cycle, which could be followed by another spike in Alts (as we saw in 2018).
by AmSpaceMonkey