SHOCKING: BITCOIN will LOSE to ETHEREUM - Here Is Why!
Updated
Dear beloved Friends <3
D4rkEnergY is back with one if his VERY sharp TA-analysis. I'm working day and night to monitor the market to help you guys to become better at trading and TA, and basically make some money!
I have found a really interesting correlation between B.itcoin and E.thereum, which I think, everyone should know about. So let's jump in.
We are here taking a look, at the Weekly ETHBTC Chart.
I've used LOG-scale to make this chart, and it's pretty clear to see, what's going on. First of all we are in an up-trending channel. We are going back and forward, from upper trendline to the support line. E.thereum was on it's All Time High June 12th 2017.
Since January 29th 2018 B.itcoin has fared better than E.thereum. BUT, according to my chart, it will soon have an ending for several reasons:
- Please pay attention to the volume bars. It's clear how the bearish volume is decreasing in height.
- Also MACD is showing us, that the bears (B.itcoin) are losing momentum.
- Take notice of the lows on the RSI and the price (red circles). It also indicates, we soon will have a reversal.
So WHEN will E.thereum start kicking B.itcoins behind?
Please look at the Volume Profile, and the longest node (black line) we call this P.O.C. or Point of Control, which means, that most trades has been made at this price point in the past, why we can assume, that this is also a strong support level. On top of that, you can see on the chart, there has been a lot of support and resistance at this level.
CONCLUSION
Ladies and Gentleman, when we take all the above mentioned things into consideration, we can expect a reversal, and a STRONGER E.thereum than B.itcoin from 28th of May 2018, since the P.O.C are crossing the trendline at this point!
D4 Loves You <3
PLEASE give a LIKE - Thank you SO much :)
D4rkEnergY is back with one if his VERY sharp TA-analysis. I'm working day and night to monitor the market to help you guys to become better at trading and TA, and basically make some money!
I have found a really interesting correlation between B.itcoin and E.thereum, which I think, everyone should know about. So let's jump in.
We are here taking a look, at the Weekly ETHBTC Chart.
I've used LOG-scale to make this chart, and it's pretty clear to see, what's going on. First of all we are in an up-trending channel. We are going back and forward, from upper trendline to the support line. E.thereum was on it's All Time High June 12th 2017.
Since January 29th 2018 B.itcoin has fared better than E.thereum. BUT, according to my chart, it will soon have an ending for several reasons:
- Please pay attention to the volume bars. It's clear how the bearish volume is decreasing in height.
- Also MACD is showing us, that the bears (B.itcoin) are losing momentum.
- Take notice of the lows on the RSI and the price (red circles). It also indicates, we soon will have a reversal.
So WHEN will E.thereum start kicking B.itcoins behind?
Please look at the Volume Profile, and the longest node (black line) we call this P.O.C. or Point of Control, which means, that most trades has been made at this price point in the past, why we can assume, that this is also a strong support level. On top of that, you can see on the chart, there has been a lot of support and resistance at this level.
CONCLUSION
Ladies and Gentleman, when we take all the above mentioned things into consideration, we can expect a reversal, and a STRONGER E.thereum than B.itcoin from 28th of May 2018, since the P.O.C are crossing the trendline at this point!
D4 Loves You <3
PLEASE give a LIKE - Thank you SO much :)
Note
SO different! Same chart - but not LOG.<3
Note
Bitcoin is SUPER interesting to follow at this very moment! Is this just an ABC-correction on the B-wave or is it an attempt to make a 5th EW... But hey, don't we have an EW Failure?Please give a BIG LIKE, and I will make a new chart for you soon :)
Note
I promised: FINALLY! The TRUTH About BITCOIN - This Is What Will Happen Now!I have once again been working for 20 hours - that deserves a LIKE, please <3
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.