Just trying to figure out if there was a count that would support my bearish thesis on the ETH/BTC ratio. And there is. Probably will get a lot of flack for this one but it's just a chart : ) Yes, i'm aware of the ascending triangle break, and yes its possible this is horribly wrong and ETH explodes into an incredible majestic bull market. But i'm just not so sure yet. Anyway, figured I would share.
P.S. if this chart gets a lot of push back then it's probably right (everyone has already bought) : ) If not then it's probably wrong.
P.S. if this chart gets a lot of push back then it's probably right (everyone has already bought) : ) If not then it's probably wrong.
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Also, "C" wave can end closer to "A" if it is a "running flat"
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Top?
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Went a bit higher but that's okay, will stick with this until we break the 2.618 fib level:
