Analyzing the historical cycles of ETH/BTC, we observe a repeating pattern in Fibonacci retracements and price drawdowns:
🔹 Cycle 1:
Fibonacci retracement: 83%
Price drop: 80%
🔹 Cycle 2:
Fibonacci retracement: 94%
Price drop: 89%
📉 Projected Cycle 3:
If ETH/BTC reacts to the Fibonacci retracement, it could find support in the 0.020 - 0.023 range.
However, if the bearish trend continues, based on historical patterns, it may drop further to the 0.010 - 0.015 range.
ETH/BTC is currently at a critical level. The key question is whether Fibonacci support will hold this time or if the historical downtrend will continue.
⚠ Disclaimer: This is not financial advice. Always conduct your own research and assess risks before making trading decisions.
📊 What’s your take? Will this pattern repeat, or will we see a different outcome this time? 🚀
🔹 Cycle 1:
Fibonacci retracement: 83%
Price drop: 80%
🔹 Cycle 2:
Fibonacci retracement: 94%
Price drop: 89%
📉 Projected Cycle 3:
If ETH/BTC reacts to the Fibonacci retracement, it could find support in the 0.020 - 0.023 range.
However, if the bearish trend continues, based on historical patterns, it may drop further to the 0.010 - 0.015 range.
ETH/BTC is currently at a critical level. The key question is whether Fibonacci support will hold this time or if the historical downtrend will continue.
⚠ Disclaimer: This is not financial advice. Always conduct your own research and assess risks before making trading decisions.
📊 What’s your take? Will this pattern repeat, or will we see a different outcome this time? 🚀
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.