ETH following BTC? Many similarities found.
Hey there!
DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!
This is just for me to see in some months of time how my idea went!
I have tried to find some similarities between BTCUSD and ETHUSD and have found some interesting stuff.
The chart you see on top is BTCUSD, the chart you will find in this text is ETHUSD.
For me it looks like ETH is hanging behind BTC with quite some similarities.
BTC:
- 1 month, 2-3 weeks until low after the big run up (70% down)
- 2 weeks until auto-rally high (97% up)
- 1 week, 4 days of down and up for retest (21% down and up)
- 1 month until the low retest (45% down)
ETH:
- 2 months, 3 weeks until low after the big run up (75% down)
- almost 1 month until its' high (133% up !)
- ??? 3 weeks of down and up for retest ??? (26% down and up???)
- ??? 2 months until the low retest ??? (around 50% down???)
What we can see is that ETH moves slower than BTC, I'd say it needs almost double the time for its' moves.
How can this help us now?
If we try to predict the future, one could assume that now follows a phase of *maybe* 25% down and up for a retest of its' high some days ago which, if we use the time it needed before it *might* need 3 weeks.
After that, *maybe* we will see ETH going down for about 50% which *might* take us a bit less than 2 months of time, according to how it moved until now.
To sum up: in my opinion ETH price movement is very similar to BTC price movement, it just needs *almost* double the time and is slightly more volatile in its' moves.
DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!
This is just for me to see in some months of time how my idea went!
DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!
This is just for me to see in some months of time how my idea went!
I have tried to find some similarities between BTCUSD and ETHUSD and have found some interesting stuff.
The chart you see on top is BTCUSD, the chart you will find in this text is ETHUSD.
For me it looks like ETH is hanging behind BTC with quite some similarities.
BTC:
- 1 month, 2-3 weeks until low after the big run up (70% down)
- 2 weeks until auto-rally high (97% up)
- 1 week, 4 days of down and up for retest (21% down and up)
- 1 month until the low retest (45% down)
ETH:
- 2 months, 3 weeks until low after the big run up (75% down)
- almost 1 month until its' high (133% up !)
- ??? 3 weeks of down and up for retest ??? (26% down and up???)
- ??? 2 months until the low retest ??? (around 50% down???)
What we can see is that ETH moves slower than BTC, I'd say it needs almost double the time for its' moves.
How can this help us now?
If we try to predict the future, one could assume that now follows a phase of *maybe* 25% down and up for a retest of its' high some days ago which, if we use the time it needed before it *might* need 3 weeks.
After that, *maybe* we will see ETH going down for about 50% which *might* take us a bit less than 2 months of time, according to how it moved until now.
To sum up: in my opinion ETH price movement is very similar to BTC price movement, it just needs *almost* double the time and is slightly more volatile in its' moves.
DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!
This is just for me to see in some months of time how my idea went!
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