ETHBTC continue to correct (target 0.085BTC -> 0.147BTC)
Hi, this is to follow up on my previous post on ETHBTC. It appears that during the crash Scenario 2 was rejected. We're not in S1.
Currently, ETHBTC has turned bearish. RSI daily is coming down to 50; Stochastic about to get into oversold zone, but not yet ---> this is usually the time when the hardest falls take place: between entering the oversold zone & touching 0.
We also see decreasing volume.
My guess would therefore be that ETH will take the correction before attempting to "flip" BTC around mid-2018.
Originally, I was more optimistic about the future of ETH. Having compared it & its momentum to other up & coming projects, esp. NEO & EOS, I think for ETH to go too much higher than BTC market cap-wise is very hard. Even the flip may be short-lived.
This means ETH will remain a good hold of value but not a high potential investment.
Currently, ETHBTC has turned bearish. RSI daily is coming down to 50; Stochastic about to get into oversold zone, but not yet ---> this is usually the time when the hardest falls take place: between entering the oversold zone & touching 0.
We also see decreasing volume.
My guess would therefore be that ETH will take the correction before attempting to "flip" BTC around mid-2018.
Originally, I was more optimistic about the future of ETH. Having compared it & its momentum to other up & coming projects, esp. NEO & EOS, I think for ETH to go too much higher than BTC market cap-wise is very hard. Even the flip may be short-lived.
This means ETH will remain a good hold of value but not a high potential investment.
Comment:
Indeed correcting a little. It's likely to be growing slower than BTC until BTC target is reached. Then, ETH will catch up. Good 1-2 opportunity.
Comment:
Indeed falling a bit. I'll post a YouTube video on eth today to talk more about it.
