ETH-BTC
BTC is Powerful, but ETH is a Beast!Hello TradingView Family,
I found ETHBTC chart interesting. Here is why.
First, we had an inverse head and shoulders formed around 0.01-0.02 demand zone, then the bulls took over by breaking above the gray neckline.
We had our first impulse movement, and we are currently in a correction phase in the shape of an ascending triangle.
For the next/second impulse movement to start, we need to see a strong candle close above the upper bound / red trendline.
What does this mean?
ETH is showing strength, compared to BTC.
While BTC was trading inside a falling channel on Daily, ETH is holding its ground.
As I always say: BTC is Powerful, but ETH is a Beast!
What does a bullish ETHBTC mean?
Scenario 1 - ETHEREUM UP, and BITCOIN DOWN (just like this week)
Scenario 2 - ETHEREUM UP, and BITCOIN UP with ETHEREUM moving up more aggressively
Scenario 3 - ETHEREUM DOWN, and BITCOIN DOWN with Bitcoin moving down more aggressively
Which scenario is more likely to happen in your opinion? and Why?
All Strategies Are Good; If Managed Properly!
~Rich
My Ethereum prediction for remainder of 21Just playing around with the charts and I stumbled across this pattern on the weekly charts.
I see the low sometime within the next week, whenever it touches the trending line, bringing the top in around the 10 January,
I'll be getting out then.
In the interest of transparency I'll be buying back in at $3800 and sell at $5950.
BITCOIN SHORT SCALP TRENDHello trading friends,
Bitcoin looks since last time on the stable trend.
We have added in the chart the possibilities of increase - so check all 2 sides.
At this moment there is a high chance that we can get a Short scalp trend.
We will follow the trend coming time to confirm it from here the 59k+ trend.
- soon we will add more main ideas about the Bitcoin sides.
Have a great day
ETHBTC | Trend; EMA 10; EMA 20ETH/BTC (Ethereum/Bitcoin)
TREND: Up
LEVEL: Dynamic Support; Horizontal Support; Diagonal Support
SIGNAL: Rejection Candlestick
WLUNA: Going Lunar to the MoonFirst off....I am sure many of you are aware that the market has been looking bearish recently with many traders predicting BTC to drop to almost 52 and ETH to drop to around 3500 to 3200. But remember these are only predictions. No one can correctly predict what level something might fall to. Always remember price action, supply and demand zones, repeated pattern breakouts are king. The current market conditions to me are looking like a reversal is coming. Many other Alts having bullish reversal setups, ( Bullish divergence on LUNA, BCH, DASH, LINK, BAND, ADA AND SO MANY MORE!) I think we have reached the bottom of this particular dip. ETH is struggling to go below 4000K, ( a whole number psychological level, a place where many buyers probably have setup limit order), Bitcoin Fear and greed index is also at 33 (twitter.com) ETH.D is looking to breakout of a massive weekly cup (), are reasons why I believe we will not dip further,. There is a saying in the equities market, be greedy when others are fearful, in my opinion this is that time to be greedy. Its the black friday crypto sale!
WLUNA is at a fantastic reversal setup along with many other alts. It has made a double bottom with a very bullish divergence on MACD and RSI and is at a high demand zone between 44 to 39. Above I have outlined the current market conditions and it is looking like we will reverse soon. But in the case we dont and we continue to slide, my stop loss for this trade is at 39.
Trade safe and remember. The market does not care about you!
OMI is waking up!The whole crypto market is down but OMI is up 8% , the giant is finally waking up and sometime in the next 20 days a move will happen that takes us straight to 1 cent , I believe they will announce a exchange listing soon when that happens before the coin is even listed on these new exchanges we will hit 1 cent.
Price has formed an ascending triangle , volume is picking up big time and we have held the 0.618 Fib , high probability we are breaking to the upside. Check out my previous TAs on OMI below .