What is Ethereum doing ??
What is Ethereum doing?
I'm evaluating these two markets (ETHUSD & ETHBTC) in one post
And the violet price line in the background is BTC
In the 1h chart we are seeing something cool
ETH for the breakthrough of its second max
ETH for the breakthrough of its second min
Kindof looks trapped in the corridor
These guys seem Ethereum's new bff also
Of course they appear only in the ETHBTC chart
& not very much in the ETHUSD chart (bachground)
Thus its not a very clear signal
Then in the 4h chart we see a more relaxed story
Setting new local min and max
Nothing seems to explode in the near future
And the 1D market more relaxed still
But...
Considering context, always consider context
This may be another page in the story of ETH price
3 bigs tell me this:
Big trend change
Big volume rise
Big price shoot in USD market
And, less important
So
In the end
What pattern will the market obey?
ETH in a new age of uptrend or
ETH just in a normal hiccup
Probably none of these, beauty of it, the market doesn't obey
Not this market at least
Just keep an eye open
I'm evaluating these two markets (ETHUSD & ETHBTC) in one post
And the violet price line in the background is BTC
In the 1h chart we are seeing something cool
ETH for the breakthrough of its second max
ETH for the breakthrough of its second min
Kindof looks trapped in the corridor
These guys seem Ethereum's new bff also
Of course they appear only in the ETHBTC chart
& not very much in the ETHUSD chart (bachground)
Thus its not a very clear signal
Then in the 4h chart we see a more relaxed story
Setting new local min and max
Nothing seems to explode in the near future
And the 1D market more relaxed still
But...
Considering context, always consider context
This may be another page in the story of ETH price
3 bigs tell me this:
Big trend change
Big volume rise
Big price shoot in USD market
And, less important
So
In the end
What pattern will the market obey?
ETH in a new age of uptrend or
ETH just in a normal hiccup
Probably none of these, beauty of it, the market doesn't obey
Not this market at least
Just keep an eye open
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