An ugly idea
Let me know if this logic makes sense
Note
Not very sure about this because on the daily, we are in a larger bull flag on BTC. When you check the correlation between ETH and BTC prices from this site:Note
coinmetrics.io/correlations/#assets=btc-ethWe see 86% correlation with BTC. I dont know if BTC's development will allow for this bear flag to play out. If we see another winter, maybe then. Tell me what do you think?
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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.