Sep 11, · As I'm always trying to produce educational crypto content, I thought I'd write this post up explaining how trading against BTC, ETH (or BNB on Binance) works. The idea behind this post came about when a friend had asked me how to trade coins against other coins as opposed to with stablecoins. An example of this would be trading LINK for BTC. 11 rows · ETH/BTC EMA Ratio Trading Set price today is $ with a hour trading volume of. BTC vs ETH's Volatility To determine if trading ETH or BTC is better, let's combine our data in a table. By comparing the data, we can say that both assets are attractive for trading, and the volatility for both cryptocurrencies is good. In the first period, Ethereum demonstrated a slightly larger drop than Bitcoin, .
Trading in btc or ethEthereum vs Bitcoin: which project has the upper hand in ?
Interestingly, the balance number of the two assets reacted very differently during the massive selloff in March. However, there could also be other factors to drive the increase and decline of the balances, such as network security.
The number of unique addresses with high balance could especially important. Meanwhile, the number of unique addresses with no less than BTC 10K has rebounded from the lows in late March.
Still, it seems relatively low compared to the number in late June, which is at However, we also see limitations on this. Although the number of BTC addresses with a high balance has been picking up, this data alone is only part of the broader picture. By combining the balance on exchanges number, we may able to see a more comprehensive image. One of the narratives is that the total ETH gas used has reached a new all-time high, meaning more people have been using the network; thus, the price should go up.
ETH prices have touched levels before retracting back to the handles. However, when we look at the mean number of ETH gas used, we could see another picture.
Data from Glassnode shows that the mean of ETH gas used has been lowering on the back of the rally, and formed a downtrend. From that perspective, there may not be as many transactions as we thought. Generally, a higher transaction fee could suggest that the market has a higher demand for conducting transactions.
Therefore users are willing to pay more for faster settlements. That also indicates that more people are using the network. We believe that cryptocurrency is a kind of network value asset, which means the more people use and hodl it, the more valuable the asset will be.
If analyzing on-chain activities is like fundamental analysis to equities, analyzing derivatives trading activities could be like statistical analysis. It could provide market participants with a glimpse of how real traders have been positioning their trades.
We could find valuable information from that. We noticed that one of the recent conversations in the crypto community is that the options skew of ETH has turned negative, and it could be bullish for the price. Traders can use these relative changes as a trading strategy.
We believe that the IV changes in different options contracts could somewhat suggest the upcoming volatility of the underlying and how traders were anticipating it. We think that traders should consider this alongside with many other factors that could drive the crypto markets.
The way options traders pick the strike prices seems telling us that market has been takinga more progressive view on BTC prices, while the view on ETH has been relatively moderate. We can see that most of the BTC options open interestwere in the strike price area, while the second and the third most popular strike price wear around and The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts.
This is causing BTC to consolidate within a Triangle. Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous In this scenario, Bitcoin may have topped for the year. What do yall think? Let me know how likely it is for Bitcoin to hit this kind of price action Happy Holidays!!! However XRP should stop dumping hard now, the news made it through the whole world, everybody who had to panic panicked already.
Technically we are seeing a diamond on BTC which is a bearish Yesterday BTC aims towards local support orange line. After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target. If we close above , we can expect Hello everyone In my previous analysis even though I am bearish in bigger picture..
However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle.. Price broken triangle but need to close above green line and same time Green line need to hold as support.. The infamous "Then they fight you" phase started! Merry Christmas. BTC is facing resistance along the 0. There is no correction at this moment!
Bitcoin hitting top bolinger on 15 min. Also resistance level with many highs on 4hr. Take most of profits here. Most likely will decline back to 35 ema.