ETH/BTC in critical equilibrium
Hey guys, ETH is currently taking a shot at breaking the more than 1 year old equilibrium to the upside. The equilibrium, which has been developing since June 2017 has 0.085 as resistance to the upside (7% away right now from that), a break of which could lead to at least the Higher Low at 0.105 in the Weekly chart.
To the downside the next Higher Low is right now at 0.072 -one could argue if this holds true in the big EQ. A definitive low would be the 0.053 range.
So in the smaller time frame, the Daily, we're right now trying to break an even smaller EQ to the upside, which could lead to the break of the bigger one.
A bull break of these EQs would have huge implication for the future of ETH vs. BTC: Ethereum would be (even) stronger relatively to Bitcoin, no matter if we're rising in USD or falling - I talked about his important matter in today's video.
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
To the downside the next Higher Low is right now at 0.072 -one could argue if this holds true in the big EQ. A definitive low would be the 0.053 range.
So in the smaller time frame, the Daily, we're right now trying to break an even smaller EQ to the upside, which could lead to the break of the bigger one.
A bull break of these EQs would have huge implication for the future of ETH vs. BTC: Ethereum would be (even) stronger relatively to Bitcoin, no matter if we're rising in USD or falling - I talked about his important matter in today's video.
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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.