ETH/BTC forming an interesting pattern
I believe that, since btc.d is increasing, eth/btc parity will first go down to the nearest support line. After that, if we see some bearish signals from btc.d, I have high confidence that along with "ETH on CME Futures" news, we will see an uptrend on eth/btc. If it reaches 0.030 strong resistance level before CME news on 8 of February and breaks out of it, I believe that eth will moon and break ATH. However, if doesn't reach that level, we might see a huge pullback from there.
Please comment down what you think of my idea!!
Please comment down what you think of my idea!!
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.