Is Eth getting ready for something big?
Eth/Usdt 1d (early 2020) Vs Btc/Usdt 3d (early 2019)
Let's start with some history:
- Around April 2018 Bitcoin started a big downtrend triangle that lasted around 8
months, afterwards we broke down and made a 47% drop before slowly taking some
ground and start claiming back big levels too 14k.
- Around September 2019 Eth started a big downtrend triangle that lasted around 4
months, afterwards we broke down and made a 27% drop before slowly taking some
ground and start claiming back big levels too...
So what are the similaties:
* Both had a downtrend triangle
* Both broke down and had a ''Capitulation''
* Both started a reversal in a ''Cup'' shape
The big difference is that Btc made a 131% pump while Eth is only up now breaking!
Does indicators looks the same?
1. When Btc broke the Rsi was around 77, while in here Eth is breaking and Rsi is at 70.
2. Both managed to break the cloud and considated a little bit over it before breaking
their big resistance levels.
3. Macd is showing the same patterns on both charts.
So does this means that we are Fomoing?
NO! All i said higher is just some similarities, it doesn't mean it will work the same, so there is not 1 good reason to fomo..
So Mat what to do?
For me the break on Eth, like the break on Btc, means that the reversal is confirmed. From here i expect alot of upside to come and with Bitcoin starting a bull season it makes even more sense.
If you want to see my current play feel free to click on the link below, you'll be re-directed to my private group!
Hope you will be ready!
Let's start with some history:
- Around April 2018 Bitcoin started a big downtrend triangle that lasted around 8
months, afterwards we broke down and made a 47% drop before slowly taking some
ground and start claiming back big levels too 14k.
- Around September 2019 Eth started a big downtrend triangle that lasted around 4
months, afterwards we broke down and made a 27% drop before slowly taking some
ground and start claiming back big levels too...
So what are the similaties:
* Both had a downtrend triangle
* Both broke down and had a ''Capitulation''
* Both started a reversal in a ''Cup'' shape
The big difference is that Btc made a 131% pump while Eth is only up now breaking!
Does indicators looks the same?
1. When Btc broke the Rsi was around 77, while in here Eth is breaking and Rsi is at 70.
2. Both managed to break the cloud and considated a little bit over it before breaking
their big resistance levels.
3. Macd is showing the same patterns on both charts.
So does this means that we are Fomoing?
NO! All i said higher is just some similarities, it doesn't mean it will work the same, so there is not 1 good reason to fomo..
So Mat what to do?
For me the break on Eth, like the break on Btc, means that the reversal is confirmed. From here i expect alot of upside to come and with Bitcoin starting a bull season it makes even more sense.
If you want to see my current play feel free to click on the link below, you'll be re-directed to my private group!
Hope you will be ready!
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