As the chart shows, I see two scenarios for this pair.
My personal feeling remains that Wave 1 has completed & that a retracement to 0.085BTC can be expected. At the moment, we're just seeing an extension attempt.
Another scenario would be if Wave 5 of Wave 1 is just starting. 0.15BTC can then be expected.
In the long-term, ETH will overtake BTC in market cap. CME/CBOE have ensured that.
My personal feeling remains that Wave 1 has completed & that a retracement to 0.085BTC can be expected. At the moment, we're just seeing an extension attempt.
Another scenario would be if Wave 5 of Wave 1 is just starting. 0.15BTC can then be expected.
In the long-term, ETH will overtake BTC in market cap. CME/CBOE have ensured that.
Nota
I do still think a correction to 0.085BTC could happen soon. At the moment, the indicators clearly show that it's overbought.Nota
Just to follow up on this:We have strong indication that Scenario 2 is being played out.
Nota
Great I bailed on BTC to ETH yesterday.Ironically future leads to no future for btc :D
Nota
oho, perhaps called too soon :(
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