ETHBTC shows a strong uptrend in place, with a good chance of accelerating after this weekend, which is charged with news, as the Enterprise Ethereum Alliance group releases a demo of the technology they have been working on, and a series of important events take place during next week and during June. If we hold up here, and just close here or higher, the weekly will confirm a new uptrend signal, with a considerable target, which I have labeled on chart here.
At the same time, we have a monthly uptrend currently active, which indicates two targets as logical and highly likely to be attained, 0.14 something and around 0.25 BTC, in the ratio chart here. Refer to my other ETHEUR posts for the fiat targets and analysis. Although the chart is slightly different, strong trending moves in ETHEUR will correlate with the ETHBTC ratio going up for the most part. Good luck if already long, if not, buy into it during a few days, price shouldn't drop below 0.0359 technically speaking, and any retest of the zone below would warrant a buy, but hopefully, it doesn't happen and it just trends up from here onwards.
BIG Orders on Exodus Asset Exchange look on their Wallet app China is heading up price willing to go up above 2500$ follow up exodus exchange you will be lucky. also look on Ethereum buy orders 250$ soon check out here: exodusasset.io
IvanLabrie
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@Rafael444, I won't click on random links...let's see.
Thanks Ivan for your insights.
I’d like to ask you a question about TAM: The amount of bars in the second mode should be the same regarding the first mode or superior, is it right? I don’t get why you wait till the 9th bar in the second mode when the 8th has left the mode.
IvanLabrie
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@estanis, the confirmation will be when the 9th is detaching from the mode...before the weekly close, it could still go back to the mode, and thus not trend yet.
estanis
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@IvanLabrie, but before the 9th, a bar is out of the mode, should we wait till longer period?