To analyze the ETH vs. BTC chart, I'm again using the Fibonacci function along with the Elliott Wave principle. The message of the chart is actually very simple: If the ETH vs. BTC chart rises, the altcoins rise in parallel. The chart image shows the weekly chart, which impulsively dropped to the FIb extension area (1.618) and experienced a fantastic bounce. This...
My analysis approach involves applying the Fibonacci function. I use the trend-based Fib extension to determine the target level, and the Fib retracement to determine the correction level. I also utilize the Elliott wave principle. Both produce the result shown. For clarity, I'm representing the A-C wave in turquoise, drawn from the (0) point to the (A) point to...
