Worst Case Scenario for ETH/BTC Pair!!!

POLONIEX:ETHBTC   Ethereum / Bitcoin
This could be one of the scariest scenarios for ETH, according to TA a descending triangle projects a target measured from the top of the triangle down to the base. That distance measured, is subtracted from the base down to the projected target. If this descending triangle does come to fruition, ETH could drop down to ~0.0038 sats ...


In your opinion,what kind of % BTC dominance needed to drop ETH at 0.00377?
Lcho07 CryptoC77
Great question @CryptoC77, in my opinion, I no longer think the ETH/BTC pair is indicative of how other altcoins will perform. Over this past rally, ETH has been very correlated to the price movements of BTC. That being said, I think BTC dominance is due for a big correction and therefore other altcoins will perform well. If I had to guess what the BTC dominance would be if/when ETH hits this target, I would say ~40%-45%.
+1 Reply
@Lcho07, OTHERS.D stochastic is 7(bull line) and in few days the monthly candle will close. so will be below 6 probably.
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