This pennant will be a bit longer than some may have hoped. The more optimistic (assuming, you're holding) support-line did not stand the weight of ETH's losses, and it will continue to go down as BTC continues to stabilize at 7,000.
I will continue to update this, so follow me for the latest on ETH and ETHBTC
I will continue to update this, so follow me for the latest on ETH and ETHBTC
Nota
Closer look Nota
Still going down. The big push town might come when we have our long awaited BTC bull-run. For several months, the declines in ETHBTC ratio have come from people panic-buying in which people sold their ETH in a panic to buy cheap BTC. In the BTC-bull run I'm talking about we may move into a Panic-Buy situation in which people are selling ETH to buy a rapidly growing BTC. That effect can snowball since more and more people will look at a big red candle stick of a declining ETHBTC and want to get out to wait out the storm.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.