TheSignalyst

ETH and BTC - Interesting Combination!

BINANCE:ETHBTC   Ethereum / Bitcoin
This chart shows the correlation between ETH and BTC . Which way do you think will it break? Let me know your thoughts ;)
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

I can see eth under 600
+3 Reply
TheSignalyst forgood7758
@forgood7758 interesting. Feel free to post your chart here.
Reply
I'm simply curious how you determine the point where a breakout is most likely to happen. from your chart I can't point it out. I'm still learning of course
+2 Reply
@Etenek, we can't know for now, we are waiting for a new swing low to form, which may or may not form, and as you can see, price broke our lower trendline before forming a new swing low as we were waiting for. which invalidates our trendline
Reply
Etenek TheSignalyst
@TheSignalyst, so from time to time we may have to update our prediction; I see. I'll stay tuned
+1 Reply
@Etenek exactly, i prefer to use the word "analysis" instead of "prediction"
Reply
Very interesting so far thank you for hard work
+2 Reply
@abel11 my pleasure Abel
Reply
There's a downwards breakout now! Do you reckon this is a bearish signal that will continue?
+2 Reply
TheSignalyst Trading-Guru
@Trading-Guru i am still not sure, i am a late/conservative trader 😎
Reply
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