Topic: Looks likes ETH is breaking out of BTC pair - page 4. (Read 692 times)
we re not seeing any break out pair. the market is trying to maintain balance and avoid a total collapse. eth is struggling to maintain support against the bucoin. untill we se the bitcoin raised properly, then can we see ethereum breaking out to what ever price it is destined to be,
The keyword here is might, but after looking at the price today, I don't see any trickle down effect, still the alts are bleeding furiously and no one is moving which indicates that the sideway patterns may continue up to the end of the month.
And there's no cool news surrounding ETH this week as well, the only big news will come next year when ETH 2.0 will go on production. Community still believes in Ethereum 2.0 despite scaling challenges.
Actually, this shows a bullish diversion for ETH and might have a trickle down effect to other alts but that doesn't mean alt season is here as everyomay claim. BTC dominance can grow back in a short while and we'll be back to alts bleeding out. I believe some pretty cool news surrounding ETH this week was the reason for the little breakout we saw.
And there's no cool news surrounding ETH this week as well, the only big news will come next year when ETH 2.0 will go on production. Community still believes in Ethereum 2.0 despite scaling challenges.
Actually, this shows a bullish diversion for ETH and might have a trickle down effect to other alts but that doesn't mean alt season is here as everyomay claim. BTC dominance can grow back in a short while and we'll be back to alts bleeding out. I believe some pretty cool news surrounding ETH this week was the reason for the little breakout we saw.
Bitcoin price is way too high that's why most the people looking to buy ETH. ETH has the potential to go as big as BTC in the market. With ETH you can do send or receive also you can get services from ETH Dapps. Also recently we heard the news from big liquidity groups that institutional investors are investing in altcoins such as ETH LTC BCH etc. In the altcoin market, ETH is always the leader in the altcoin market and the price correction already happened. I think we would not see the 52 weeks low 82 USD again in the near future. For me, it's great time to get in ETH as people already started investing in ETH.
Analyzed by who? Are people after the price or after a coin that is functioning well and giving profit from time to time, the mistake many people do make is that they feel they have to buy the whole of bitcoin to make an investment. Let me tell you this, the increase in bitcoin is always greater than that of Ethereum, you will find out that if Ethereum is $150, if you buy the $150 worth of it in bitcoin, you will get more profit than holding 1 Ethereum worth the $150. It is just a bad mentality that we have to purchase a whole of bitcoin, and that is why many people are thinking bitcoin is expensive to purchase now, and while we are saying this, people are still purchasing lots of bitcoin regularly. Is it not people that do buy 0.1 btc? Or are you not counting that has an investment because it is not up to 1 btc?
its about time that ETH overtakes bitcoin. its just much more useful. all the DEFI contracts and custom tokens... bitcoin is a rigid dinosaur but brings nothing new to the table.
nope its impossible to happen because bitcoin potential is very different if we make a comparison with ethereum. And in fact the percentage of the demand in the market is too far , so there's no way it will happen in the future . in my opinion there's a possibility to make a ATH but when it comes overtaking bitcoin well that's difficult. So i suggest stop assuming too much when it comes ethereum or alts because you know they are very weak when there's a bullish in the market. Regards.
As per this weeks Crypto Technical Analysis, Bitcoin has suddenly jumped by $500, up from $8,200 to a recent high of $8,700 and currently trade at $8,380. It’s not clear why bitcoin rose, but it looks like this has more to do with Ethereum than BTC. That’s because Ethereum moved a bit earlier and a bit faster, rising from $179 to $195 and currently trade at $186.
The reason for this breakout would be due to the launch of ethereum 2.0 genesis block in January. Also, UNICEF said -
All these factors lead to the bullishness of Cryptocurrencies.
Source
The reason for this breakout would be due to the launch of ethereum 2.0 genesis block in January. Also, UNICEF said -
Quote
“will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund."
All these factors lead to the bullishness of Cryptocurrencies.
Source
Hi guys,
It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY
What do you guys think ?
It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY
What do you guys think ?
Your analysis is good but based on my experienced and analysis on ethereum it's still follow on the move of bitcoin in other words if bitcoin will go down right now ethereum will also follow this is the power of bitcoin, but yet its a good move for ethereum to hold the $180+ level.
Well it's true that bitcoin and ethereum will always be correlated. Maybe @OP got good news about ethereum from its analysis but @OP only did a single analysis on the pair. Even though ethereum charts shows good but bitcoin chart shows opposite, ethereum will not be able to fight bitcoin because they are correlated.
Like the picture below, maybe yesterday ethereum chart was good because the state of bitcoin had broken resistance but now situation has turned back and let's look at the next situation.
but I have confidence that it will move back to $200-$300 before we end up this year. But as many says, only it happens if bitcoin will also move.
In this history of cryptocurrency, bitcoin has never been down while altcoins increase and it is not going to happen now, I don't think so. In 2017 , it was bull for bitcoin likewise also altcoins.
In 2018 till now, same bear and bull for bitcoin and altcoin is still trying to come up . So bitcoin has always been the guard to the move up or down.
Not in general but single altcoins used to pump when Bitcoin was not. Especially altcoins with low volume.
ETH is pumping because there's going to be a hard fork and people are stacking up as always. When BCH was about to fork it pumped and then dumped after the fork. It has nothing to do with Bitcoin and its price.
but I have confidence that it will move back to $200-$300 before we end up this year. But as many says, only it happens if bitcoin will also move.
In this history of cryptocurrency, bitcoin has never been down while altcoins increase and it is not going to happen now, I don't think so. In 2017 , it was bull for bitcoin likewise also altcoins.
In 2018 till now, same bear and bull for bitcoin and altcoin is still trying to come up . So bitcoin has always been the guard to the move up or down.
Your analysis is good but based on my experienced and analysis on ethereum it's still follow on the move of bitcoin in other words if bitcoin will go down right now ethereum will also follow this is the power of bitcoin, but yet its a good move for ethereum to hold the $180+ level.
Everything is very much still connected to what Bitcoin does unless there is an altcoin season, which I don't see happen any time soon. People need to be aware of that and make a rational decision and not just fomo in.A lot of people have been trapped in buying overly expensive altcoins because they were "breaking out" in a bullish way. Bitcoin did not agree with that and the whole market took a massive dive as result of that.
I think that if Bitcoin goes back to $5-$6k, we might see Ethereum back to $100-$120 which I will use to stack up on Ethereum. I did so last year and I'll happily do it again. It's too good of an opportunity to say no to.
Hi guys,
It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY
What do you guys think ?
It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY
What do you guys think ?
Your analysis is good but based on my experienced and analysis on ethereum it's still follow on the move of bitcoin in other words if bitcoin will go down right now ethereum will also follow this is the power of bitcoin, but yet its a good move for ethereum to hold the $180+ level.
This reminds me of first quarter of 2018 wherein the downfall of bitcoin started early but ETH was at it's all time best value and survived there for approximately 3 months then ETH started to fall as well. I believe that the growth of all the altcoins are related to bitcoin's growth. I think it will take ages for altcoins to perform individually.
It was just a looked but no really it was. Ethereum won't go far without the help of bitcoin, not even to see it now for sure cause Bitcoin still not moving back into high again. Ethereum is still at $180 plus, that it looks a sustaining price up today. Weren't be sure that it drop more but I have confidence that it will move back to $200-$300 before we end up this year. But as many says, only it happens if bitcoin will also move.
Though it looks positive since we are in the BER months which most bull run occurs but, of course, we can't still give assurance of that unless the market makes a progressive growth started this month.
Though it looks positive since we are in the BER months which most bull run occurs but, of course, we can't still give assurance of that unless the market makes a progressive growth started this month.
Hi guys,
It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY
What do you guys think ?
It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY
What do you guys think ?
Your analysis is good but based on my experienced and analysis on ethereum it's still follow on the move of bitcoin in other words if bitcoin will go down right now ethereum will also follow this is the power of bitcoin, but yet its a good move for ethereum to hold the $180+ level.
if we look in more detail ETH actually still has a chance to rise and will not come out of the btc pair. but now the altcoin market seems to be experiencing signs of rising slowly, we can wait for that moment for ETH to go up
All crypto coins have that chance, this is how the market plays actually. What we could see with ETH now is still doing great. We can't say that the market isn't healthy all, in fact, we're not dropping more as what we've experienced early this year, we are actually at high...enough to say that the market is still healthy. I supposed to think that we might be having a few pumps this quarter but it looks like we missed again.
Many predict that the altcoin season has begun and market dominance over altcoin is starting to increase.
this will have a big effect on altcoin, Ethereum still has a chance to continue going up in line with this positive trend.
stay careful with rising bitcoin prices.
this will have a big effect on altcoin, Ethereum still has a chance to continue going up in line with this positive trend.
stay careful with rising bitcoin prices.
Yes, it starts to increase, but bitcoin still dominance at the market. We look in a few hours ago when the bitcoin price was down again, the altcoin was down too. But the other altcoin still trying to increase, but that is not easy in the middle of bitcoin dominance. That also happens with ethereum, in which the price is not growing too significant. There are many possibilities when the altcoin, especially ethereum, can break the higher price, and there is no reason for the altcoin to increase higher.
yes good to see altcoins are rising. i'm not of an altcoin, though its not going to rise that much but if you have about more than a million to 5 million, it must be a huge gain.
noticed you are in bitmex chart, i'm not really using Stoch RSI but i can see you do in your chart its that the default (1.3,14,14, close) and your RSI (14,close) can this setting help for day trading?
if we look in more detail ETH actually still has a chance to rise and will not come out of the btc pair. but now the altcoin market seems to be experiencing signs of rising slowly, we can wait for that moment for ETH to go up
Bitcoin price is way too high that's why most the people looking to buy ETH. ETH has the potential to go as big as BTC in the market. With ETH you can do send or receive also you can get services from ETH Dapps. Also recently we heard the news from big liquidity groups that institutional investors are investing in altcoins such as ETH LTC BCH etc. In the altcoin market, ETH is always the leader in the altcoin market and the price correction already happened. I think we would not see the 52 weeks low 82 USD again in the near future. For me, it's great time to get in ETH as people already started investing in ETH.
Hi guys,
It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY
What do you guys think ?
It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY
What do you guys think ?
That looks like a mere coincidence and looks different viewed from a different time frame. While ETH is great, I don't think it has the capability to decouple itself from Bitcoin's fate just yet. Bitcoin dominance is at it's peak based on recent events and i dont see that changing anytime soon.
We'll have to see when and IF ethereum goes version 2.0 or proof-of-stake, but even that is a big IF.
I think optimal price for ethereum is 0.05 btc, so 430 $ is possible to achieve.
But in short term I think it is perfect point to short ethereum and we can make a really good deal.
Yes, 190-195 is perfect zone for long term short
But in short term I think it is perfect point to short ethereum and we can make a really good deal.
Yes, 190-195 is perfect zone for long term short
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