ETH and BTC - Last 3 Crossovers - Seen this before bois
First, note this is on the 4 hour. I'll publish the 12 and 1 day as well. Now, here a legend for what is seen:
Moving Average, Trend Lines
White Solid Line - 10 Day Exponential Moving Average (EMA)
Blue Solid Line - 50 Day EMA
Yellow Solid Line - 200 Day EMA
Yellow Dotted Line - 200 Day Standard Moving Average (MA)
Vertical Lines
They match the above colors and show where the 10 Day EMA breached / crossed-over (not bounced off, crossed-over and substantially stayed there).
If there are any horizontal, dotted white lines, they indicate Fibonacci support/resistance and confluence (don't recall if I left those on). Not important here.
ANYWAY, it brings me no joy to look at this chart and place my bet that the ratio will continue to head south. We might see BTC make a run a bit like it did to $20k. You may recall, ETH was wayyyy behind on that, but eventually put the boosters on and caught up.
If you look at the 1 day, you will see the 200 cross approaching. I'll publish some thoughts on that today, or at least, put some lines on a chart.
Disclaimer: I'm the guy on the internet that you're not supposed to take advice from. I'm also not giving advice. Best of luck all (nocoiners excepted).
Moving Average, Trend Lines
White Solid Line - 10 Day Exponential Moving Average (EMA)
Blue Solid Line - 50 Day EMA
Yellow Solid Line - 200 Day EMA
Yellow Dotted Line - 200 Day Standard Moving Average (MA)
Vertical Lines
They match the above colors and show where the 10 Day EMA breached / crossed-over (not bounced off, crossed-over and substantially stayed there).
If there are any horizontal, dotted white lines, they indicate Fibonacci support/resistance and confluence (don't recall if I left those on). Not important here.
ANYWAY, it brings me no joy to look at this chart and place my bet that the ratio will continue to head south. We might see BTC make a run a bit like it did to $20k. You may recall, ETH was wayyyy behind on that, but eventually put the boosters on and caught up.
If you look at the 1 day, you will see the 200 cross approaching. I'll publish some thoughts on that today, or at least, put some lines on a chart.
Disclaimer: I'm the guy on the internet that you're not supposed to take advice from. I'm also not giving advice. Best of luck all (nocoiners excepted).
Comment:
Here's the 12 hour. Over the 50 EMA.
