The Shark has been posting the past few weeks that money was going to move away from Alts and into BTC. We are seeing a much needed correction today but you will notice that when this dust settles the money will flow back to Bitcoin first. We will look to reach target 1 and 2 before we start shifting money back into ETH and Alts. Look for Mr. Saylor to make an announcement later today or tomorrow that he bought the weak hands that sold into this. The ripple effects of ETH and alts will happen again but you need to strategically pick your spots.
ETH/BTC will need to recapture the structure that was posted before we start layering back in. I would suspect we see ETH/BTC near .030 and possibly .029. As mentioned ETH and alts hang on the strength of that chart.
ETH/BTC will need to recapture the structure that was posted before we start layering back in. I would suspect we see ETH/BTC near .030 and possibly .029. As mentioned ETH and alts hang on the strength of that chart.
Note
Target 1 Hit
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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.