ethbtcI expect the price of altcoins to make a downward movement in order to stabilize the price in sync with Bitcoin, and in my opinion, there will be no alt season this year.
ETHBTC trade ideas
Momenth of truth for ETHBTCI'll try and be as brief as possible in this one.
I believe this to be a pivotal month for ETHBTC.
Either we see a full-fledged no-excuses breakdown confirmed with a weekly close below the last wick on said timeframe, or I will continue to think that a macro low is being formed here.
There is everything you want to see here if you're going to take a bullish stance.
1) Confirmed triple bullish divergence on both 1D and 1W.
2) Fake break of structure with a dip down and then pop back up on the 1W.
3) Chance for a 55EMA and 200EMA death cross fakeout inbound on the 1W.
4) Stochastics ready to go back up on both 1W and 1M.
5) Six months and counting of price action hanging onto the lows without truly breaking down.
6) History of ETHBTC losing value after BTCUSD breaks all-time high, only to go back into an uptrend after a few weeks.
7) BTC.D painting a swing failure on the 1W with a confirmed bearish divergence and rejection of the RSI bullish control zone.
This might get all thrown out of the window tomorrow, but as long as the aforementioned points stand, I'll keep believing that one should exercise maximum caution in being bearish at this time and place.
A weekly close above the 55EMA before it crossed the 200EMA will make me even more of a believer of the bullish case.
If that happens, and ETHBTC can also trade above 0.061, I would have no more reason whatsoever to fear a breakdown, thus absolutely confirming a macro low, and looking for a higher valuation.
AltSznBrewingWith 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.
ETH/BTC dip of the dippity dip...If my view is right, the altcoins shall do the best performance in their history.
Ethereum vs Bitcoin by Rocket Bomb 🚀Hello, friends! 😊Today we're looking at the Ethereum to Bitcoin chart!
As everyone knows, the Ethereum to Bitcoin price indicates how many Bitcoin units are needed to buy one unit of Ethereum. That's an important metric for traders and investors as it reflects the relative strength or weakness of Ethereum compared to Bitcoin in the market.
👀Keeping an eye on this price is useful for making decisions about trading or investing, considering the dynamics of the two largest cryptocurrencies.💥
Today, I've prepared a weekly chart for You to examine the medium to long-term perspective! 💡On the chart, You can see a large number of falling wedges (also known as descending wedges) - a pattern, that signals an upcoming bullish impulse,🚀 which has always happened after the wedges in the history of this pair.
The wedges, that I colored in pink 🩷 had the same slope and consequently the same percentage growth when exiting the wedge, which was about 1000%.
Over time, the cryptocurrency market has gained immense popularity, and the market has become more "weighty," slowing down growth slightly and reducing it in percentage terms!
In 2021 (the wedge became less acute, and growth was about 250%), I colored the wedge in brown 🟤 for clarity!
As for the potential in the coming years, 250% is quite a realistic indicator - but it's too early to talk about it.🤫
🔻In the medium-term perspective, we can also see a slight decline in price - and the completion of the wedge formation, followed by a phase of active growth.🚀
You can see the levels for the medium-term perspective on the chart.🧐It's better to make purchases on price pullbacks, so keep an eye on that!👀
Thank's for Your attention, I hope the information was useful to You. If yes, click 🚀 and subscribe so You don't get lost!🫶
Always sincerely Yours,
Kateryna💙💛
ETHBTC Very Bullish Falling Wedge FakeoutAfter a very ullish run on the ETHBTC pair from 2019 - 2021, ETH has spent nearly the last 3 years consolidating into a falling wedge pattern. This has formed an even bigger Bullish pennant pattern. With a breakout of the falling wedge we'd have about a 13-% gain to the upside.
Locally, price has formed a triple bottom, and formed a Fakeout from the low of the falling wedge. Price has responded with a strong reaction to the upside. With the BTC halving just being finished and the ETH ETF on the way, it is about time for ETH to make its run.
ETH Set to Soar: Alt Season Signals and Technical Analysis
Prepare for #AltSeason with #ETH! Buckle up as ETH aims for $8000 amidst a flurry of bullish signs, especially in ETHBTC. Packed bags? Check. Let's ride this wave! 🚀 Analyzing the charts, we spot a strong bullish divergence on the weekly chart. Plus, a significant trade opportunity awaits at the monthly key level, coinciding with the monthly fair value gap and the 62% Fibonacci level, indicating promising reactions. On the daily chart, a breaker formation is taking shape. Bags full? Let's send it to the moon and hodl tight! #Crypto #Ethereum #TechnicalAnalysis
ethereum is trash!!! I would short itttt to the groundd Heheheehehehe efereum very very good coin. soon it will outperform and will kick of alt season.
Why i know dis you ask?
Because i know and been in the trenches for many years now.
pepe also good play
ETH/BTC very important moment#eth / #btc pair has lost the trend line support with this month's dump and now trying to reclaim the bull triangle. Claiming the trend will be favorable for #ethereum but this is also a bearish retest. If #ethbtc price declines hard here, this will be greatly unfavorable.
Not financial advice.
ETHBTC seems to have bottomed.The chart is largely self-explanatory. The parallel trend lines are validated by being touch points for many price tests at different time points and across different price levels.
This also deserves another revisit Increasing my ETH short.
There is no reason for ETH to exist. Also, any other sh1pcoin.
This cycle will not be like previous cycles, no ATH for sh1pcoins.
ETHBTC Bullish DivergenceOn a weekly chart we have strong indication of a bullish divergence. ETH is ready for take off.
BTC halving is over -> Has it been priced in already?
ETHBTC : TRUE IDENTIFIER OF STRENGTH AND WEAKNESS RATIOIt should know that when the price of ETHBTC is on a downtrend, this generally signifies that Ethereum is weaker than Bitcoin(especially when Ethereum and Bitcoin are both Bearish). If ETHBTC is bullish, like the above chart, it signifies that Ethereum is stronger than that of Bitcoin.
How does this chart affect the price of Bitcoin and Ethereum?
It simply shows which of the coins will be a better market to trade.
As the price of ETHBTC rallies to the upside and the price of Cryptocurrency is generally bearish, Bitcoin would sink more than that of Ethereum simply because ETHBTC is bullish(Bitcoin is weaker than Ethereum).
From technical analysis, price reaches into a weekly FVG and then takes out the Sell-side Liquidity and then breaks market structure to the upside.
I want to see the price of this market to be at 0.08562 in coming weeks/months and for bitcoin to sink much further than that of Ethereum.
BTCETH April 20, 2024: A New HighLooking 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.
Ethereum price to BitcoinHere's the information about Ethereum's price relative to Bitcoin:
Price tends to rise after halving:
Historically, the price of Ethereum compared to Bitcoin (ETH/BTC) has a tendency to peak around a year after a Bitcoin halving event.
Price dips after the peak:
Following this peak, the price of ETH/BTC typically falls for several months, reaching its lowest point somewhere between 5 and 6 months after the halving.
Price holds above previous lows:
There's an interesting trend where the price of ETH/BTC seems to never fall below the lowest point it reached during the previous cycle (year-long period)
Currently, in a buying phase:
Right now, it's believed that ETH/BTC is in an accumulation phase, where the price is slowly going up in anticipation of a future rise.
My levels should ETH pull away from BTCRelative 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 BTCETH will probably continue down against BTC.
It's just broken a major support line, retested it so the continuation in the downward is likely.
ETHBTC - Potential ScenarioCurrently 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 the current sideway trend support till the resistance of the trend and potentially break out as a C&H pattern.
Indicators are still bearish; Stoch RSI almost oversold, Lark Laguerre RSI looking down, Macd crossed down.
So therefore I suspect the Scenario NO.1 as more likely until indicators show a sign of upside potential.
over and over and over and over and overlike 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
Just a re-test of an H/S invertedZoom 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.
HOW-TO: Cyato Grid BotThe grid strategy is one of the most popular and interesting in the world of crypto and forex trading.
Simply because it abuses volatility, market fluctuations, and those markets are well known for it.
In this guide, I will explain the strategy and showcase a powerful grid trading indicator that can help traders to better understand and implement this strategy.
█ The Key to the strategy
It involves placing buy and sell orders at predetermined intervals or levels, called "Grid Steps". If a step is crossed to the downside, the strategy will buy. If price crosses a step to the upside, the strategy will sell. The last step to be crossed becomes inactive.
When configuring the strategy, the process is pretty simple.
The user can choose the number of steps with a higher and lower step price. With just these 3 settings, you can create a strategy.
Now, the challenge with grid trading, is to optimize these 3 settings.
█ Maximizing its effectiveness
The first thing you want to do before even going into the settings is to find a suitable market for it.
You want these 3 requirements:
• A ranging/going sideways market
• High volatility
• High liquidity
For example, ETH/BTC is one of the most traded pair in grid trading. It has good volume for the strategy, behaves in a range since late 2021, and has decent volatility daily.
█ Knowing the risks
Very often, the lowest step is used as a stoploss.
As with every trading strategy, there are risks and it is important to understand it.
With grid trading, we take a bet that price will fluctuate in a range, and abuse that assumption to profit from price action.
If price decides to leave the range, there is one scenario that will put us at risk.
In the scenario where price breaks to the top, we are fine, this is take profit.
However, if price breaks through the bottom (lowest step), we will find ourselves with a lot of buy orders above current price.
That means we have unrealised loss. Now two difficult two choices are in our hands: sell at a loss, expecting price to go lower, and stop the strategy to start a new one at lower prices. Or wait until price climbs back up.
In this example, we set a stop loss at 0.063 BTC below the lowest step, and price falls down to 0.048 BTC. If we decided to hold, the unrealised loss would grow bigger as price drops.
Now that we know what are the risks, let's see how is profit calculated.
█ Calculating Grid Profit
We will have two types of profit when grid trading. One this called grid profit.
Grid profit is generated every time a step is bought and sold at a higher price. The grid step "height" is the spacing between two steps, usually visualised in a % percentage of price.
The sum of all the profits generated from the grid steps is the grid profit.
The second type of profit is the open profit. This one is really important and should not be forgotten when calculating your strategy PNL.
To put it simply, it is the profit or loss that would be realised if you would close all the open orders at current price.
The open profit can vary a lot and it is crucial to know its value when you are looking to take profit or stop the strategy.
In this example, I chose round numbers to make it easier. I used 2000 usd as initial capital for the strategy, which contains 20 steps. The strategy will therefore split this equally through the steps, so 100 usd per steps. I chose a grid step of 1.1% of price, which is makes around 1% after fees. It will consequently take 20 closed steps to generate 1% grid profit from the initial capital.
After running the strategy for 74 days, we have 21 steps closed, which makes a tiny bit more than 1% grid profit in total.
However, the open profit from the 12 orders still open is negative because price dropped.
If we were to close all open orders and stop the strategy right now, the total profit would be 1.03 - 4.35 = -3.32 %
We can see that it would not be a good time to stop the strategy, and shows that grid trading needs time to generate grid profit. That is why even though it is run on low timeframes, it remains a long term strategy.
█ Cyato Grid
Cyato Grid is a powerful indicator that can help to better understand and implement this strategy.
I will now explain the key features and settings of the indicator, provide examples of how to use it in real-world trading scenarios, and offer tips and advice for maximizing its effectiveness.
Backtesting
As soon as you set the 3 settings - number of steps, lowest and highest price -, you will get results in the Strategy Tester and in the Backtest table in the top right of the chart.
Those results will vary based on your strategy initial capital and order size. The order size being the amount to buy on each step, and is usually the same for each step. A good practice is to divide your inital capital by the number of steps to make sure you will never run out of funds to run the strategy.
Order Type
The strategy can be configured to use market or limit orders, as you prefer.
With market order type, the strategy will place market orders at the current price every time a step is crossed.
This allows to ensure that every order is filled, however you are subject to buy and sell a bit higher or lower than the exact grid step prices, and you will pay taker fees.
With limit order type, the strategy will place limit orders.
This allows to ensure that the strategy will buy and sell at the exact step prices and pay maker fees, which are usually less than taker fees.
To make it work, the "Start Date" setting comes into place.
Key Features
• Price percentage % step
Lets you set a price percentage between steps. The grid is then generated starting from lower or upper, configurable.
• Trailing Up
Automatically creates new steps when price climbs out of range.
• Trailing Stop
When trailing up is activated, the stop loss will dynamically follow the lowest price.
• Take Profit
Secure profits by stopping the strategy once total volume (grid profit and open profit) reaches a configurable percentage %.
Automation
You can fully automate the strategy through its alerts.
Set the alert messages for buy, sell, take profit, stop losses directly in the indicator settings.
Use the parameter "alert() function calls only" and you're good to go.
It will use only 1 alert slot to run the whole strategy.
Since it is not possible to place orders directly in TradingView, you will need a bot-software to do it.
You can use any bot that work with TradingView alerts.
Now, I offer a bot system for Binance along with the indicator. More info on my website, link below.
Sample Use cases
Crypto
BNB/BTC
BNB/ETH
LTC/BTC
Forex
GBP/JPY
EUR/JPY
NZD/USD
Tips and advice
1 — Set up the grid properly: Make sure you have a clear understanding of the asset you're trading and the market conditions that are affecting it. Set your grid levels based on your analysis of the asset's price movements and volatility.
2 — Adjust the grid as necessary: Keep an eye on market conditions and adjust your grid levels as needed. This will help you capture gains and limit losses as the market moves.
3 — Use proper risk management: Make sure you have a clear understanding of your risk tolerance and use appropriate risk management techniques, such as setting stop-loss orders, to limit your potential losses.
4 — Don't overtrade: Grid trading involves placing a large number of orders, so be mindful of transaction costs and don't overtrade. This will help you maximize your profits and reduce the potential for losses.
5 — Consider using automated software: Grid trading can be automated using software, which can save time and reduce the potential for human error. Consider using a reputable software provider and test your strategy thoroughly before using it in live trading.
6 — Keep a trading journal: Keeping a trading journal can help you evaluate your strategy and make improvements over time. Record your trades, including the grid levels and any adjustments you make, and evaluate your performance regularly.
7 — Stay disciplined: Stick to your strategy and avoid making emotional decisions based on short-term market movements. Stay disciplined and focus on the long-term profitability of your grid trading strategy.
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█ SCRIPT ACCESS
Indicator and automation tools access can be purchased on my website. The link is in my signature below.
So it finally broke downWhen 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:
