ETH Bear Scenario
Updated
Hello TV community,
We know that it is highly likely BTC will continue to go down further in this bear market. Although people claim ETH has some degree of independence from BTC, eventually ETH will catch up to the market trend of BTC as with all cryptos.
Here, bearish indications are displayed as well as 2 scenarios of what could happen in the case of ETH plummeting.
Feel free to express your ideas and critique my TA, always welcomed.
Good luck and Happy Trading!
We know that it is highly likely BTC will continue to go down further in this bear market. Although people claim ETH has some degree of independence from BTC, eventually ETH will catch up to the market trend of BTC as with all cryptos.
Here, bearish indications are displayed as well as 2 scenarios of what could happen in the case of ETH plummeting.
Feel free to express your ideas and critique my TA, always welcomed.
Good luck and Happy Trading!
Note
The dead cat bounce has been exemplified by the short liquidation of BTC. However, the bearish momentum is still present.Note
It seems like the bounce is nearing its end. A downtrend from here is very likely as short positions build up on BTC and the losing bull momentum.
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