Bitcoin & Ethereum Coupled targets
Updated
Well! If you hate maths, you may stop reading here!
BTC and ETH, have been in a correction. But, it's interesting to note that both are loyal to FRENEMY relations. One rises, the other follows! We know who we are speaking of, I hope!
Now to the chart. BTCUSD is a separate entity, so is ETHUSD. But both have a ratio which is ETHBTC or can be vice-versa as per your comfort. The interesting point to note is that when we couple them together, (excuse me: they represent more than 80% of the market-hand's down), you know what's up with both Bitcoin and Altcoin.
This chart helps in identifying the coupled reaction. ETHUSD survived the drastic fall in ETHBTC by the rise in BTCUSD price. In my separate charts, I had mentioned of such occurences which are absolutely NORMAL and expected. In a way, my PROPHECY of lower ETHBTC with higher BTCUSD has been met! YAY!!!
What's next! We are in for one of the most powerful ever upmoves! Will it be the rise of BTC? Maybe. But I know for sure, ETH is getting ready for the game!
Please donate! Helps keep up such charts coming, and more importantly helps fund my education!
BTC and ETH, have been in a correction. But, it's interesting to note that both are loyal to FRENEMY relations. One rises, the other follows! We know who we are speaking of, I hope!
Now to the chart. BTCUSD is a separate entity, so is ETHUSD. But both have a ratio which is ETHBTC or can be vice-versa as per your comfort. The interesting point to note is that when we couple them together, (excuse me: they represent more than 80% of the market-hand's down), you know what's up with both Bitcoin and Altcoin.
This chart helps in identifying the coupled reaction. ETHUSD survived the drastic fall in ETHBTC by the rise in BTCUSD price. In my separate charts, I had mentioned of such occurences which are absolutely NORMAL and expected. In a way, my PROPHECY of lower ETHBTC with higher BTCUSD has been met! YAY!!!
What's next! We are in for one of the most powerful ever upmoves! Will it be the rise of BTC? Maybe. But I know for sure, ETH is getting ready for the game!
Please donate! Helps keep up such charts coming, and more importantly helps fund my education!
Note
A lottery trade.Now, I'm sure, most of you may be irritated by my constant clamor for donation that doesn't seem to help! Anyways, I have a lottery trade for you.
I have a trade based on ETHBTC & ETHUSD values, which means you must hold your nerves, no matter the prices for next 3 weeks. Invest x, take 2x.
Long at this point on ETHUSD. And go on a vacation. Please do!
We are forming a medium term bottom. You might be worried about all that cracking of BTC. Well, let's assume BTC splits to 2. Well! This means BTC price would half. But in terms of ETHBTC, ETH price wrt to BTC would first double(math, remember) and then correct back to trend-line only to shoot up again to thrice the current price at least. All w.r.t to ETHBTC. It's going to be extremely volatile and panicky. And that's where I want YOU to take a vacation!
Am I doing it? Yes! Am I crazy? Maybe! But, I am taking a extremely low risk play on a 3 week horizon. What if I lose? That's a bummer! But, it will be worth the play. Do I trade margins (commonly asked question)? NO! I buy the ETH with college funds! Talk about experience in Business before an MBA... ;)
Note
It's math. Pure math... People who already hate me for saying it, please stop reading! ;)What happened in a week? The bullish movement is stronger than ever. As per above formula, it was the time of BTC first. Now, the time belongs to ETH... Let's see the behavior.
Donations welcome!
Note
First BOOM Target met. Second boom target = Another 10%. Let's see BTC has to stabilize/marginally correct. ETH has to rise big, rather huge...Note
This baby is listening to me rather fast... In two hours, she makes all the right moves... To continue!Trade closed: target reached
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