BTC/USD, BCH/USD, LTC/USD, ETH/USD, Gdax, you guys are familylooking at the 30-mins graph of the 4 cryptos(BTC, BCH, LTC, ETH) which are traded on GDAX, see how similar they are today? Human, you win.
Similarity
Large DJI Correction on the Way?I am fairly new to the markets, but I found a few similar features between the chart for the stock market crash of 1987 and our current situation. Any feedback is greatly appreciated!
Fractal similarity in ETHUSDIf this ETH rally were to accour in a similar pattern as the last one, this would mean that we are at point 3 now. Therefore, 1-2 weeks of sideways consolidation, until the real runup would start.
This scenario however, can only work if bitcoin does not dump. It must at least stay constant, better yet, rise. Because if bitcoin stays constant, I cannot see ETH going above 2500 USD, the flippening area.
The peak would be reached shortly before the flippening. If however, bitcoin would soon continue to rise towards 20k again, then a figure of 3000+ USD as a peak for ETH does not seem so unlikely.
