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ETHBTC Forecast based on Cycle HistoryI charted this on 20 May and had not looked at it since. What I wanted to know was should I be holding more BTC, or more ETH? What will grow more according to the charts regardless of my opinion of their fundamentals or adoption ? If the charts are a representation of the psychology of the masses, then psychology tells us : the best prediction for future behavior is past behavior. Thus, I'm a big believer price action rhyming with previous BTC halving cycles. You've probably heard chartists say "history rhymes but never repeats" While I am aware that ETH was just getting started in the markets peak in 2017/2018... and it will likely far outperform BTC, I have charted a conservative forecast mimicking the previous cycle. I've pointed out the previous ATH of BTC and ETH as well as where I think we can expect them in the months to come. The past 2 seem to have been on track in a general sense. Let me know your thoughts
by THE-GERA
3
BITCOIN: BREAKOUT BEARISH FLAG|PRICE WILL CONTINUE TO DROP DOWN?Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
COINBASE:BTCUSDShort
by FOREXN1
17
Elon's Tweet or Obvious Price Action ?This is an update to my previous Idea linked below. Previously on 4H chart. I've zoomed out to a 1D chart to get some greater perspective. BTC failed to break its resistance - indicating an inevitable downward movement. Then came Elon's tweet, catalyzing the downward momentum. I don't really think his tweet had much to do with this drop as TA already told us to expect it. I view his tweets as catalysts to what is already expected as per TA. On the chart, I've delayed the time estimated to reach "spring". Using the 1D RSI I'm more confident that we will likely break support in the week to come before trending up for the long term. My ideal price movement is marked in green. Comments and criticism welcome
by THE-GERA
4