ETHBTC ’s current structure looks eerily similar to pre-pump 2017: ✅ Forming a descending wedge, nearing the end. ✅ Bounced after breaking below Fib 0.236, forming two lows (second lower than first).
Historically, when ETH outperforms BTC, altseason follows. But does this mean ETHUSDT is about to skyrocket? I don’t know.
All I can say is—the possibility is there.
🔥 But here’s the catch… Every chart pattern you see is what market manipulators want you to see. Sometimes, they reinforce a pattern with multiple pumps…
Then, just when everyone trusts it, they wreck it with one final serious drop. That’s the classic "bait, trap, slaughter" strategy.
So, should you blindly trust chart patterns? No. Should you completely ignore them? Also no.
Because let’s be real—most people never believe in a bull run until it’s already happening. Same goes for crashes.
🔥 The real question is: Do you stay out just because nothing is 100% certain?
🔥 If you think crypto is doomed, short it. At the end of the day, your portfolio reflects your beliefs.
🔥 If you think this post sucks, you’re right. I won’t argue—it’s pointless.
For me, the market is always right. I’m the only one who can be wrong. That’s why I always set stop losses.
So even if altseason never comes, I’ll still have most of my capital ready for the next opportunity.
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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.