Take Notes
Zaktualizowano
It has been interesting how ETH would stall once BTC stalls, no matter where ETH finds itself. Money Man is thus again reminding that targets are dependant on BTC moving positively or forming a pattern / buying time, before targets get realized.
Money Man drew a chart where ETH differs from the related BTC chart (attached below) in that it has only one Decision Box. This is because of the pent-up energy in BTC and the possible reaction of ETH to any move there – ETH is much more jittery than BTC. BTC has been walled in so much that it needs some freedom, and this puts ETH on edge as well. Comparing the two it seems clear that a move there below 18 000 would see things go dilly here. There is also the probability that ETH would stall through selling once BTC goes above 20 000.
There is talk about ETH Futures coming – Futures caused BTC to top out. But then BTC is the big dog.
Conclusion: Time to start taking notes and pumping the calculator again. ETH has less space to stay inside the walls of its uptrend than BTC, but there is clear support below the channel. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Money Man drew a chart where ETH differs from the related BTC chart (attached below) in that it has only one Decision Box. This is because of the pent-up energy in BTC and the possible reaction of ETH to any move there – ETH is much more jittery than BTC. BTC has been walled in so much that it needs some freedom, and this puts ETH on edge as well. Comparing the two it seems clear that a move there below 18 000 would see things go dilly here. There is also the probability that ETH would stall through selling once BTC goes above 20 000.
There is talk about ETH Futures coming – Futures caused BTC to top out. But then BTC is the big dog.
Conclusion: Time to start taking notes and pumping the calculator again. ETH has less space to stay inside the walls of its uptrend than BTC, but there is clear support below the channel. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Uwaga
Related BTC chart 
Uwaga
Previous ETH contribution 
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