ETH lost some confidence during the lows on BTC, when BTC revisited the 31k. No knowing the future, heavy bag holders of ETH, sold their stakes making ETH lose a lot of ground over BTC in the last 2 weeks.
However, now that BTC was able to make a bullish move and recover the 39k, ETH investors are starting to realize the opportunity to get back in, and so I...
Will ETH make a bounce in the demand zone and will we still achieve my target? 1 nice pump would be nice for my profit. If demand doesn't hold we will correct further and look for a level lower. Let's go ETH
The Ether bulls are deafening, and that's usually a good time to sell. 0.05 ETH/BTC, 0.5 bitcoin dominance and the top of this channel ETH/BTC has been in for months.
I'm looking for either a large correction in the overall crypto market, in which alts will be taken down more than bitcoin, or a period of outperformance by bitcoin once again.
In a few days or weeks ethereum will be over 6% worth of a bitcoin. This is so bullish for altcoins. the higher the value (% ethbtc) the more the people have in usd terms to spend on all the altcoins. Let me introduce the start of an amazing altcoin season.
Huge Potential shown on the weekly.
This is not going to happen overnight.
Patience pays, (marathon not a race).
No guarantees i only ever post what I see in my opinion.
If people wish to drop their thoughts feel free that's great.
As always trade safe guys.
Cup formation on Ethereum (ETH) / Bitcoin (BTC)
How to trade the cup:
The height from the cup entry point to the bottom is the increase we will see from the cup entry to the exit.
To make it easier to plot, I have used the eclipse tool as you can easily mirror the dip to predict the peak.
From when I first drew this it has grown 21% and I expect a further 57%...