BTC will be have dump & consolidation time after finishing Elliot Wave5 pump cycle. I'm sure there will be a big rise in Alt market next year. Be patient.
Hi, your chart was verry helpful. Thank you. But as an idea and would be great if you can write me a feedback: If Bitcoin reaches 35-40kUSD until summer 2018, in that case 0.5ETH/BTC would be to high for Ether. I expect Ether to reach 0.15BTC, the old ATH from summer 2017. That means an Ether somewhere near 5500USD. Would be realistic. What do you think about that prediction? Thanks and cheers.
TestPattern
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@MichaelShutterbug,
I agree in part with your opinion.
BTC $255,506,909,753 - ETH $43,706,589,760 (Marketcap)
The maximum value that ETH can rise without exceeding BTC's market cap is x5~x5.8
Now price, 0.02966 x 5 = 0.148 ETH/BTC
This is reasonable.
But, as we saw in the BTC case, human madness is unpredictable.
MichaelShutterbug
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@TestPattern, unpredictable, you are absolutely right. Until now the support line seems to be stable. And if they are really going to bring ETH futures to the exchanges in early 2018 like they did for BTC, then the parabolic bull run we expect in ETH since weeks becomes finally true. Fingers crossed.