Bixley

Is ETH still coupled to BTC? Maybe not..

Long
KRAKEN:ETHUSD   Ethereum / U.S. Dollar
Over time ETH has exhibited its own unique price movement
Compared to BLX where price continually moves down when transitioning from one fib ring to another, can be viewed on my chart below


In my view this decoupling was sparked by a small parabolic move that occurred last year
Price is currently sitting right at the exit of one fib ring and entering another (red square)
This could end up very bullish if it acts as a bullflag, which it likely will, based on the structure on a lower timeframe.

The Ethereum ecosystem is adapting so fast, its difficult to keep up, price should reflect this.

Comments

Can't wait!
+1 Reply
Bixley Rahrahs
@Rahrahs, ;D
Reply
Rahrahs Bixley
@Bixley, 20K smashed. What's next next?
+1 Reply
Rahrahs Rahrahs
@Rahrahs, K. 2K.
+1 Reply
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