On a pure chartist point of view, Eth/Btc has hit its target (pink arrow).
It should now make a reversal to the top, which means Eth should start to outperform Btc soon...
However it seems too early for now since the chart doesn't show any reversal pattern.
As we can see, Eur evolved in a huge raising wedge since 1985. This wedge has been broken in 2015 (blue rectangle). The price even did a PERFECT pullback (blue square), suggesting the power of the trend. The target of that wedge is 0.55$.
On top of this, we can see that the SSB rejected the price EVERYTIME since 2014 (red circles). The October candle has already...
- Each cycle (bullrun + bear market) makes a bullflag. So we can basically determine the target of the flag (orange arrows).
- So the cycle of 2014 (cycle 1) gave a target of $64 k, and this target has been hit during the cycle 3 (2021). On the monthly closing.
- What is interesting is that we needed 2 cycles to hit the target.
- If this pattern does the same...
