Chart on the left is ETHBTC zoomed in to the first 2 to 3 years after inception.
Chart on the right is ETHBTC fully zoomed out, from inception to now, about 8 years.
There are remarkable similarities in both time frames of the same chart, as noted below:
1. A sharp decline, followed by an immediate price pump.
2. The rotated rectangle shows a drop in price.
3. Straight up, with a slight correction on the way.
4. This phase is hard to believe it is a different time frame, as the price levels are an exact mimicry of each other. There are 3 lower highs after both cycle tops. The bottom pattern formation is also the same in both charts.
5. A slow & steady rise with the price action in both time frames showing notable similarities.
If the ETHBTC chart on the right were to follow a similar route of ETHBTC on the left, then it is possible that ETHBTC will go lower for the next 6 to 12 months. It is important to remember that this will likely be because Bitcoin will be steadily going higher towards the last ATH, hence ETHUSD will be mostly sideways.
Once BTCUSD breaks $66K, around then ETHBTC will start its rally, which looks like has a final target of 0.3.
The blue and green faded projections at the end outline possible pathways for ETHBTC, depending on how slow/how fast the cycle plays out.
Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution
Chart on the right is ETHBTC fully zoomed out, from inception to now, about 8 years.
There are remarkable similarities in both time frames of the same chart, as noted below:
1. A sharp decline, followed by an immediate price pump.
2. The rotated rectangle shows a drop in price.
3. Straight up, with a slight correction on the way.
4. This phase is hard to believe it is a different time frame, as the price levels are an exact mimicry of each other. There are 3 lower highs after both cycle tops. The bottom pattern formation is also the same in both charts.
5. A slow & steady rise with the price action in both time frames showing notable similarities.
If the ETHBTC chart on the right were to follow a similar route of ETHBTC on the left, then it is possible that ETHBTC will go lower for the next 6 to 12 months. It is important to remember that this will likely be because Bitcoin will be steadily going higher towards the last ATH, hence ETHUSD will be mostly sideways.
Once BTCUSD breaks $66K, around then ETHBTC will start its rally, which looks like has a final target of 0.3.
The blue and green faded projections at the end outline possible pathways for ETHBTC, depending on how slow/how fast the cycle plays out.
Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution
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.