Who'd like to trade the $ETH Channel with me?What a day for ETH! Do you think we can trade that channel with some manageable risk for a little profit in the upcoming days?
Ethbtclong
ETHBTC Global Forecast 2018y.Hello Traders!
Glad to present global EWA/EWP analysis concerning ETHBTC by Zarina Tengri.
Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis,
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ETHBTC due for a bounce?ETHBTC's downward motion appears to be slowing after a possible completion of 5 waves down, bouncing right at 0.5 fib retracement (dotted red) of the rise made from Dec-Feb. This fib line also perfectly coincides with the 0.618 retracement line of the fall from last year's peak. The 1D chart shows we are close to crossover of MACD and Stoch RSI . 1D RSI also breaking out of downtrend and oversold territory while showing slight bullish divergence .
Shorter 2H timeframe showing many possible indications of reversal. MACD just crossed to positive (though weakly) while showing bullish divergence . RSI is rising from oversold while showing bullish divergence . Potential double-bottom at 0.074. High buying volume appearing at these dips.
Breakout of the trend would find strong resistance at 0.08 followed by 0.09. Failure and breakdown of the trend could bring price all the way to the low 60s handles.
Any and all moves could be dictated by the ETHUSD -0.38% price and, of course, any BTCUSD -0.91% action.
ETHBTC Traders - Time to dump BTC & buy ETHIf you are an ETHBTC trader, its time now to dump BTC for ETH. Current area within maximu 5-8% is expected bottom for now.
Upside Targets as per the Green Zones above.
ETH BTC Bullish CaseFor the bullish chart, we switch to the log scale and can see the ETH/BTC ratio is now repeating the pattern from March/April of 2017 within the yellow circle but on a slightly larger scale. If this pattern is going to repeat itself, the ratio should be nearing a bottom within the next day or two creating a buy opportunity. It will be followed by either a reversal in the up direction, or a bit of sideways movement before beginning to climb (see the orange line). Ignore the blue line for now as it is part of the bearish case I've linked to below.
Whether the bullish or bearish case scenario plays out will heavily depend upon bitcoin's choice of direction in the next few days.
Arbee successfully called the reversal around 0.025 ETH/BTC in early Dec 2017. His chart here:
Also, see my Bearish Case here:
ETHBTC Long due to the divergence in its purposesETHBTC is showing, by the charts presented, a safe place to keep your eyes and investments on. The proposal of Ethereum (ETH) is not to become a currency, but a platform of smart contracts that can be used for many type of secure transactions using the revolutionary blockchain concept. Its clear now that the original Blockchain needs to evolve and there are very professional people and large companies investing in that evolution. Just read more about The Ethereum Foundation and the Enterprise Ethereum Alliance (entethalliance.org) and you will know more about why this chart is showing this uptrend evolution.
ETHBTC clear tunnel evolutionBased on basics trendlines and market news, there are many indicators pointing to the end of BTC foolishness and the more adoption of the blockchain as a form of trusted assets transfer. The proposal of Ethereum Smart Contracts and the easiness of the creation of new tokens based on its platform will bring not only adopters (Microsoft, Cisco, Amazon, Facebook) but also money to this world. Eventually ETH can also become a traded currency but that's not its main reason so the adoption will come more naturally as well they can control its value to not become too inflated and scary for the business that wants to adopt and accept it.
2018 is gonna be the year of the cryptocurrency and blockchain as the new internet. And ETH is in a better position of becoming the leader of this movement due to the geniuses behind it and not living anonymous neither seeking for "easy money". Whatever coin you want to invest, look for the one you have real faces behind it and their curriculum. And let's make the smartest and right choices so everyone wins.
Excellent Long-Term Hunting Opportunity in ETHBTC, Don't miss itTrading suggestion:
There is possibility of temporary retracement to suggested support zone (0.0775 to 0.0660), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of entry zone (0.0775)
.Ending of entry zone (0.0660)
Take Profit:
TP1= @0.0860
TP2= @0.1000
TP3= @0.1106
TP4= @0.1253
TP5= @0.1514
TP6= @Free
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 67.
.Current short-term is uptrend and continuation of uptrend is expected.
$ETH Sold +97%Hit my main target, sold all. Good riddance for now $ETH. Hodlers, this is a bubble. The more time spent in cash the safer you'll be.
ETHBTC weekly buy signal1. ETH has a buy signal on the random number generator
2. Above the 50 week moving average
3. MACD about to cross up
Enter at 0.056
Target: 0.085
Stop 0.050
Good Luck!
Perfect Opportunity to Buy $ETHI sold all shares of $ETH at $993, $1077 & $1198 now will be buying back at these current levels. Green line is our support. Yellow is the uptrend. Red line at ~1.0 is target. This is a VERY clearly defined risk/reward trade. Easy money. Buy some $ETH.
ETH/BTC ReversalThe graph of bitcoin to ethereum looks like a good setup, however i am very caution because of pump of bitcoin which could bleed the altcoin market substantially. I'm expecting a consolidation phase in bitcoin right now so this would give a-lot of time to grow for the price of ether.
- Enter at breakout (0.0345)
- First take profit at (0.06), Second take profit (0.07) if the price goes above these and you still hodl some; set stop-losses below the second take profit. Looking for 100% - 200% increases.
:D
Long $ETH into Q1 EndLong $ETH on the breakout. $BTC looks like it could pop again above 20k but following it's quarterly expiration topping/bottoming cycle I want to stay away for the time being.
ETHBTC BittrexDear Friend
As we all know noting permanent in this world ...
BTC Will start folling and ETH will start gaining. All we need to do is bye at right time...
Remember the dotcom raise and fall ...time will repit the story ...
If u are watching it late then just hold it tight..
Happy Trading
SK
Buy When There's Blood in the Streets
Baron Rothschild
ETHBTC What's next? 5th Wave or Retracement?ETH is approaching a major testing of a current support line near the 0.04 price range. Potential 5th Elliot Wave to come if support is found and the trend line remains unbroken. This would be a good setup for a Long.
On the other hand if support around the 0.04 price range is broken, expect a Retracement to the lower Fib line. This would be a great setup for a Short.
Good luck trading!
ETHBTC Bullish Divergence to kick off Elliot 5th waveUpdate to an idea posted earlier. I missed a Bullish Divergence that would have indicated the current price jump was about to happen. If this upward movement holds, consider ETH to be in a 5th wave. Happy trading!
ETHBTC 5th Elliot Wave?If ETH can find support along the shown trend line I would consider this Elliot Wave pattern to be correct and expect the 5th wave to reach near .06 area before correcting.
This is not financial advice. Good luck!
