ETH/BTC is rocking!
The chart is a bit busy, but easy to understand:
- The abc (reds) is done
- Impulse starting (i,ii,iii, iv,v)
- Heand and Shoulders Bottom Bullish (LS, H, RS)
- The numbers are used to calculate the minimum the H&S pattern will take and that's 0.10109 before a small correction.
- Not exactly sure where v will be but usually is euphoric moves like this, v is often extended as the longest as long as iii is not the shortest.
Here is the ETH/USD Chart to correlate with:
ABC is done here too and wave i is impulsive and so higher highs dead ahead!
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
It's trending up for sure. How much of this do you think has to do with it following Bitcoins rise?
I think it has most to do with ETH's huge correction from $400 to low $100s.....it's now healthy again and not as frothy as before. But, bitcoin is also lifting the tide.