Scenario HOW Composite Groups Accumulate Bitcoin with Altcoins.
Simply providing another scenario how Composite Groups accumulate Bitcoin via Altcoin/BTC pairs. So, if you choose to only trade Altcoins in Altcoin/BTC pairs, be careful... If you have not read the updates in the publication below, I recommend doing so.
"If ETHBTC Goes to 0.0276 BTC, Look For Decent PullBack Afterward."
"If ETHBTC Goes to 0.0276 BTC, Look For Decent PullBack Afterward."
Comment:
This is to let you see my $12,308.40 and $14,611.32 targets for BTCUSD to let you see WHERE I got that number from for the calculation for the ETHBTC targets.
ETHUSD MATH:
Have a look at ETHBTC chart to the far left and you see why I have a horizontal price line at 0.0273 and one at 0.0255. If you wonder how 0.0255 could be the top and no higher, that's possible "IF" BTCUSD and ETHUSD both went up the same similar percentage; which would mean ETHBTC would remain flat. Then if ETHUSD and BTCUSD both began dropping the same percentage, ETHBTC would STILL remain relatively flat at 0.0255. THEN if ETHUSD began dropping at a larger percentage than BTCUSD, you would see ETHBTC go down further. Hope this makes sense...