ETH/USD Weekly TD Sequential Analysis+TA
In previous ETH/USD posts I pointed out bullish as well as bearish signals on weekly and monthly time frame, yet there were more bearish signals than bullish, thus weakening the odds of a breakout to the upside. I think it's possible that when Bitcoin has its correction it will drag ETH down near .02BTC, if not lower because of the T D 9 Sell Setup on ETH/USD Monthly chart. Your best bet is to wait until after Bitcoin has it's 1-4 month correction before buying into any alts for a long term profit. I am waiting until January to even consider buying into alts for the Alt Season. The chart is on logarithmic scale to fix the fib on there, so it looks weird.
Note
I'm sorry guys, I named it ETH/USD, but it's actually ETH/BTC.
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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.