Big picture of ETH/BTC and where is altcoin market going?
The correlation between ETH and the altcoins is fairly obvious. As ETH is falling versus BTC, altcoins are suffering even more in terms of USD.
Looking at the ETH/BTC chart, few weeks ago ETH broke a key support level and now there isn't really any structural support until about 40% down from where we currently are.
There is no guarantee that we are going to reach this level but it is a good level to keep track on for market reversals.
As usual, keep track on the website traffic on binance.com and coinbase.com with alexa.com. Look at the Alexa Rank 90 day trend.
www.alexa.com/siteinfo/binance.com
www.alexa.com/siteinfo/coinbase.com
Look at the related idea for more information about the BTC/USD market.
For more information on how to get a free trial of my fund, feel free to message me.
For the next two months, I will be posting free trading ideas in crypto, stocks and commodities .
Like and follow me for regular updates on this and other ideas.
Looking at the ETH/BTC chart, few weeks ago ETH broke a key support level and now there isn't really any structural support until about 40% down from where we currently are.
There is no guarantee that we are going to reach this level but it is a good level to keep track on for market reversals.
As usual, keep track on the website traffic on binance.com and coinbase.com with alexa.com. Look at the Alexa Rank 90 day trend.
www.alexa.com/siteinfo/binance.com
www.alexa.com/siteinfo/coinbase.com
Look at the related idea for more information about the BTC/USD market.
For more information on how to get a free trial of my fund, feel free to message me.
For the next two months, I will be posting free trading ideas in crypto, stocks and commodities .
Like and follow me for regular updates on this and other ideas.
