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Pidenuze
Jul 21, 2021 4:02 AM

Waiting patiently  

Ethereum / BitcoinBinance

Description

ETHBTC has formed a triangle, flag, or whatever you call it.

now, we have two scenarios ahead, like the previous times when this happened:

first, to break the RSI 50 level and pump,
second, to get rejected at RSI 50 level and dump.

so, I am waiting patiently and wait for the market to choose one.

moreover,
- based on BTC dominance, it is bullish.
- based on XAUBTC bitcoin will pump soon and this means BTC will lose its dominance (at least in a short time) and it mean ETHBTC will be bullish.
- less likely to happen scenario is that BTC pump like crazy and take its dominance over 50 or 55 and then ETHBTC will dump.
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