Takeaways:
-Minor pullback is expected Q4 2021 given the bearish divergence.
-Might retest bottom of yellow channel before launch.
-V-shape recovery near 0.618 as well ~0.043 eth/btc.
-Every time eth pulled back at these levels it has historically gone up to its respective 1.618 fib level (~0.12eth/btc).
-Polynomial regression supports long-term growth despite a minor pullback in the short term.
Alts, including BTC are expected to take a seat for a while until btc hits its peak estimated either at 80k-100k by Dec. or 200k by sometime Q1-Q2 2022.
-Minor pullback is expected Q4 2021 given the bearish divergence.
-Might retest bottom of yellow channel before launch.
-V-shape recovery near 0.618 as well ~0.043 eth/btc.
-Every time eth pulled back at these levels it has historically gone up to its respective 1.618 fib level (~0.12eth/btc).
-Polynomial regression supports long-term growth despite a minor pullback in the short term.
Alts, including BTC are expected to take a seat for a while until btc hits its peak estimated either at 80k-100k by Dec. or 200k by sometime Q1-Q2 2022.
Comment:
Could even argue eth bouncing off of 0.06 eth/btc level from the top of the channel. But, I don't believe it may happen. and rather btc will take stage Q4 level altcoins behind given how it has moved throughout a market cycle.
Comment:
a .1 eth could be worth ~8k-20k depending on btc.
