Ethereum / BitcoinUpdated ETH/BTC
6.9k ETH USD inc.
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Note
Next impulse wave up should be 70-99% increase in btc/eth Depending on where btc is priced at in USD, this increase can bring eth to 6.9k or above
I can't do math lol but heres an example to help you guys better understand
IF BTC is at 50k USD, eth will be priced around 3k USD since the value is lower. Even if the price increase of the eth/btc pair increases by 99% we would see a top near 6k
IF BTC is at 69k and eth is at 5k before the impulse then a 70-99% increase will bring eth to near 10k
When you're trading against btc pair, keep this in mind ^
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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.
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.