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Why is ETHEREUM better than BITCOIN? Comment Below...First of all, I hope you are all doing extremely well! Bearish times mean bullish opportunities to come. Trade on the other end of your emotions, and you will trade well. I am not going to speak about Ethereum today. Instead, I want your opinion on the following: (1) Do you think Ethereum is a superior cryptocurrency? Yes/No & Why. (2) Do you think Ethereum will outperform Bitcoin one day? Yes/No & Why. (3) What price do you think Ethereum will find as it's new support level? Here are my short term technicals. TECHNICALS Rising Wedge Formation A rising wedge in such bearish circumstance is a strong bearish continuation pattern. Buying pressure is reducing as selling pressure is maintained constant. Once bullish pressure eases, we will see another rally to the downside with two projected targets. Let's see how far we go. M Pattern We see a very strong M pattern form on the 4H. This is a bearish pattern with a W being a bullish pattern . Shoutout to @transparent-fx for teaching me this one. Very repetitive pattern in the crypto market. The baseline was retested followed by a strong move to the downside. Breakout of Parabolic Trend We have recently seen a large breakout from our parabolic upwards trend. We are no longer parabolic and unfortunately in a bear cycle. Many believe we may see a continued bull run next year instead of waiting 2 years due to increased interest in the market requiring less consolidation. I personally am not too sure if this is correct, but we should treat it as a bear cycle and not a retracement. Love, peace, Seb .
BINANCE:ETHUSDShort
by SXTrading
4
BTC Rebound But More Chance for ALTSBTC is touching the SMA 50. RSI is oversold, MACD is still crossing down, and Money Flow struggling around the zero mark. Lots of USD stablecoin mints and transfers to exchanges today. My instinct is that we'll see a slight rise to BTC while Bitcoin dominance drops below 50 and most of the money will flow into ETH and other high cap ALTS creating the real altseason many are waiting for. I realize I'm posting a BTC chart and will get hate for this, but that's how I see it. Make sure to check the related idea below of btc/eth comparison to see further where I'm coming from.
COINBASE:BTCUSD
by Eldal