BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This makes our jobs a bit easier!

1) Ever since the bottom on 06/02/2018 you can see every single daily candle on ETHUSD (left) has replicated that of BTCUSD (right) (including volume ) to the T!

2) Furthermore, even though it happened ~1 month later, ETHUSDs bear trend followed roughly the same shape, wizardry? I think not! Fractals is all it is, which are very useful in anticipating future moves! (evidently)
Use this fractal power wisely, it may bring great rewards.

3) So, as I anticipate BTCUSD to retrace here to intraday lows before continuing up to its bearish downtrend line (see attached chart) I expect ETHUSD to follow the exact same pattern (mainly because it is structurally set up to make that retrace + continuation in addition to having the same structure as bitcoin ) up to its own downtrend line at 1023.

4) MACD is also crossing bullish on the daily primed for a long bull run, which may herald a prosperous increase for ETHUSD in the coming months! I will keep posting updates. (this is also the exact same as bitcoins )

Due to the widespread general awareness of Bitcoin / Ethereum as King and Queen of crypto (as their market caps reflect) they are naturally the most followed and traded. With this is the fact that they are both listed on Coinbase (and were the first two coins to be added) so whenever there are retail buyers flooding in, their first two picks are naturally bitcoin and ethereum 1) because they are the biggest 2) because they would be the most familiar as they are the most spoken about 3) they are the most adopted/time tested.
Also they are both being added to the robin hood trading app sometime this month which is hugely bullish for them both.
For those reasons I see a future for bitcoin and ethereum where they are significantly positively (and negatively) correlated through all major market cycles.

Act now or hold your peace ever fourth.
Happy fractaling!
Comment: As anticipated, this correlation is forming perfectly, let it ride.
Comment: ETH is about to push to 1023, get those market buys and limit sells ready.
Comment: Also sitting well on top of the 4H 200MA, very bullish.
Comment: watch out, ethusd looks like it will go deep on this one - I'm out.


Just found your analysis! Thank you I'm watching waiting for it to bounce back... then boom
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