Today is not Sunday, but I’m bringing you a special update, as we’re hovering around the 40k level while ETHBTC has been trending up in the last days. This is clearly a bullish divergence, because usually alts are more volatile than Bitcoin, and as we see, that’s not happening right now. This means that the downtrend is weakening and we’re expected to see a reversal (maybe our next target is 47k).
Although I think we will briefly break 40k in order to fill the FVG (or Fair Value Gap) between 39.2k and 38.2k (I’ll post an update this Sunday mentioning this).
Although I think we will briefly break 40k in order to fill the FVG (or Fair Value Gap) between 39.2k and 38.2k (I’ll post an update this Sunday mentioning this).
Comment:
Trend on ETHBTC seems to be reversing, but we still are above 0.0677 (the low of the trend) so it still counts as a divergence.