This would help make Eth not only a better dapp platform but also an incredible payment system.
Right now we had this massive 40 plus percent bull week for bitcoin, were looking at a pull back now. This comes at a perfect time as ALTs are pulling back after they have been in complete blood the last 2 weeks!
Eth is not only over sold on the daily/weekly but as you can see this pattern happens so frequently when we see ETH over sold on the Eth/btc pairing.
IF the Raiden goes in a positive direction we could be looking at a $800 eth once again. This would bring it back to .8-.115 pairing levels IMO.
This timing is almost set up perfectly too.
Notice that the ETHU18 future contract on BItmex has nearly taken all above 10x lev bulls right out of the equation. This provides a huge incentive for them to not rekt those shorts.
Target by August 16th .75-.09!
could be even more parabolic, also, ETH bullruns often start Alt bull runs... pick up some other great oversold alts right now
Comment
⋅
We need to hold over .05 for this to be valid, a break under will invalidate. So far doing well
Trade active
⋅
Looking good here... holding nicely
ETF rejection news can help us a lot here as BTC will bleed more