Bitcoin Forum

https://imgur.com/bu9eI13 (credit: chart from Sigma by Hydra X)

Hi everyone

The ETH/BTC pair been consolidating in a long-term triangle since its highs from early Feb 2018, and is approaching a technical inflection point. The pair seems to be testing its long-term descending trend line, and may find some price support in the form of its 200-day SMA. A break above the trend line could see ETH gaining ground on its BTC cousin.

However, given the tepid nature of price action, lacklustre volumes and a lack of momentum as reflected by stochastic levels, traders should manage expectations of any breakout being explosive.

This is already anticipated, the test has been on and I'm expecting a break. Of course we do know also that all pairs will follow the trend of btc. It is with time that we are going to see ETH growth.

A break out should have happened to ethereum a long time ago but we are still waiting. Perhaps this period of stability is good for the ETF applications concluding next week

this is the bitcoin board not speculation, specially not altcoin speculation. there is a button at the bottom of the page called "move topic" you should use it to move this to altcoin speculation board.

as for ethereum's breakout, considering how it has been having a hard time keeping the price up and also the fact that ICOs are now practically dead i don't see any major pumps coming its way so i don't expect any major "breakouts" from it any time soon, it doesn't matter what the charts show in this case.

BTC also was around 4k before the new year and on this forum people were also talking that soon will start another bullish trend. Unfortunately, BTC usually remains at this resistance point and can't break it. It doesen't seem like everything depends only on tech analysis, people just don't see any serious updates and don't believe that bullish trend will start now.

Everyone has always been saying along the lines of "breakout soon?" pretty much after every few weeks. At this point people should've realized that these things are pointless.

Much will depend on the crypto market as a whole. If Bitcoin fall down under the support in the area of ​​3600 and the price will rapidly fall below, then, as you understand, ETH will fall in relation to BTC. And since today I consider this scenario the most likely, then most likely the ETH will decrease relative to BTC. If Bitcoin starts to grow to 6000 for Bitcoin, then it is likely that ETH will grow to Bitcoin. But I still consider the option of falling more. I hope that if Bitcoin drops to $ 2000-2500, it will be the last.

Bitcoin made an upward move today. My guess is it's $ 5,000 a month later. As it approaches Halving, the price may increase its upward pressure.

I don't think there is any need to carry out an analysis anymore on the price of bitcoin and some other crypto with great potentials because we all know that we are going to see a bull run this year in the price of crypto, though what we are yet to know is when this bull run is going to take place because everyone is very much anxious about getting to see the bull run in the market.

Though my best guess is that we are not going to see it now but towards the fourth quarter of the year when we least expect.

That seems pretty accurate and I also think that the price of the BTC will be pumped into Q2. It has been sideways for a long time and this is also an appropriate time for investors to buy more BTC.
When many investors realize the triangle has disappeared, they will definitely buy as much as we do. So we need to buy sooner to get the desired profit.

ethereum is still one of the strongest altcoin in the market. and it has a very strong background since many icos have been launched using erc20 token standard. the future of ethereum will be depend on which blockchain and infrastructure will the future project uses for their utility tokens.

Yes you are right you are analysis must be trustable because there will be left in confusion in our market to stay here for long time but there will be lots of. self confidence are here in this type of situation will definitely needed to make cover investment to hold on for some good times

If you can see the chart, there still 2 possibilities for the price. It will go down, or it will go up. It's a prediction, and we don't know much about that. I think you better make your analysis base on that chart and find the answer on the market.

Btw, I add the image for other people to see

https://i.imgur.com/XFiicJt.jpg

I give the red line for the 2 possibilities of the price to go up and down, and I hope that you understand.

Of course, you are right, it is thanks to this schedule that you can actually predict possible options for cryptocurrency pricing, But if you take into account the practice of price fluctuations over several years, it becomes clear that all forecasts are no more than possible scenarios, but they do not even have 50% accurate forecast. I would still be very careful with forecasts for the near future.

Perhaps this disruption will depend a lot on the upcoming situation. If the crypto market has a lot of positive and useful information, the BTC will drag ETH and fly up. Most of our communities are becoming expecting and be anxious about BTC and ETH's breakout and return. Maybe the next few months will happen I predict.

And ethereum price increasing will drag a lot of token, i am collecting so many bounty token thats very cheap value right now,,,thats my hope

Although analysis prediction are not 100% guarantee but they still needed to be carry out and not just because we know market rally will happen this year or next year. But , to seize every opportunities the market bring

yeah i noticed it also the " up and down arrow in the image " .actually for me in the first place when i check that image i knew it that's it just another predictions again and there's no specific theology behind.  Well in my opinion we need to ignore this because in fact we all knows that mostly technical analysis nowadays is uncertain because of the situation of market.  So no need to worry . Let just wait for more results instead and make our own research to ensure what will happen in the future.

That will happen for sure but as far as i know about the fact that bitcoin was showing a positive trend. It's getting a slight increase but that looks so strong consider from the daily volume trade of bitcoin. I wanna see bitcoin will break a new ATH in a few years later again dude.

But did we not already have a break out a few weeks ago? And that has at least sort of sustained,,, except now BTC/ETH lines are slowly looking like they are going down, but in a smooth form (if take over a few weeks and months).

I think ETH will definitely move in a strong current at least until it is back at 20% of ATH which is around $280, and then after that it still has to catch up with BTC performance.

No breakout for ethereum yet but bitcoin is pumping well. Gained over $100 in the last week but no-one knows if it can be sustained. Ethereum looks like it is starting to catch up but really it should be well above $150 now, perhaps in the next few weeks it will break free

Noticed that BTCUSD has formed its first bullish golden cross since October 2015. So is the crypto winter really thawing??

We don't know, it is or it is not. While we all think that the golden cross has been formed again after hitting $5,400 we should expect that there's something positive going on to the market.