BITFINEX:ETHBTC   Ethereum / Bitcoin
#ETH
Regarding Bitcoin on a large scale, we are witnessing a protracted corrective decline in the global growth wave of December 2017 - January 2018. At the moment, we have already received more than enough rollback and form support. A one-week chart shows the protracted RSI and Stoch RSI in the oversold areas, from which we are now trying to get up. It is worth noting that the market has been in oversold since July. At the moment, an increase in volume is observed, and the price arrangement is comparable to the price level in December 2017, from where impulsive growth occurred. If this area continues to support the market, then Ethereum has good chances to go up to the previous levels. This is a long-term view, the formation of the upward movement may take the whole of the next year.
Here is something to look at suggesting we might be beginning within the next couple of weeks. ETHBTC has bullish divergenc, ETHUSD has bullish divergence and is in a falling wedge. BTCUSD looks pretty bearish and is in a decending triangle. In the short term the dips will take more out of ETHUSD because of the bullish falling wedge but when the wedge performed ETH will surge at the expense of BTC.

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