ETHBTC Trend analysis

Updated

Interesting trend analysis. Playing exactly as last year.

Got rejected/corrected from channel line resistance of inner purple channel, bounced back from trend line on inner purple channel and target of outer blue channel resistance line achieved in June last year.

Note

Why is not reversing?

would bounce of blue support line of the channel which means down trend of another few weeks which would send us to August end or early September which would be a trigger for alts bull run

Trade active

is bouncing off long term support trend line

On previous occasions when it bounced off this line, it triggered alts season thrice in a row.

But all 3 times it happened in December.

So chances are it goes sideways another few months until December 2018

techish

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