Even though it looks like a bull flag, we are expecting a break down. If it does, we will be converting our BTC holdings to ETH.
Our reasoning for a breakdown is that ETH is quite over extended, BTC will likely recover in the shorter time frame at a higher pace.
Given the amazing bullish sentiment for ETH, we recognize that we are probably wrong.
Our reasoning for a breakdown is that ETH is quite over extended, BTC will likely recover in the shorter time frame at a higher pace.
Given the amazing bullish sentiment for ETH, we recognize that we are probably wrong.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.