I will watch ETH/BTC on this thread.
I love this chart. But I don't have a strong opinion yet. But honestly I'm *slightly* bullish about this Bart :D Just because of the overconfidence of Bitcoin maxis lately.
I love this chart. But I don't have a strong opinion yet. But honestly I'm *slightly* bullish about this Bart :D Just because of the overconfidence of Bitcoin maxis lately.
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Imagine this ponzi goes for a double top.
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Dead? 100% bearish chart. But let's see what happens at weekly support levels.
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This still looks terribly bearish. I see bullish posts about ETH everywhere. Because that's what people learned from crypto bull cycles. First BTC moves then ETH. But at least this chart is not supporting that idea.
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That can change of course. But right now there is not a hint of change on the chart.
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Compare it with SOL/BTC. If I was a crypto and altcoin maxi (thanks God I'm not) I'd definitely go with "overbought" SOL even right now.
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If you wanna be a crypto trader first thing you do is forgetting these two words "overbought and oversold". Like there is a rational way of measuring the value of these things. You just have to go along with the chart.
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I don't really undertsand the point of being bullish about this. If you are not playing very short-term.
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Ok now this is good.
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I'm actually bullish on ETH right now. Big exit pump.
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Look at SOL wow. ETH next, don't get it twisted.
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See what it does. This has to be a reversal at this point.
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There is that bigger downtrend line above. But I wouldn't trust it.