We have a range now it seems, between the green and red on the right. With the dropping and the whole market being at a turning point now, would mean that if we do break up, we have to see a big rally withing a few days. Like that blue line suggest. So a move towards that 160 zone within 2/3 days and with increasing . If this doesn't happen, very likely to see the rally fall short and start to drop again.
If the green on the right breaks, we will very likely see a move to the green on the left. If that one breaks, prices below 100 will be very likely to happen. So nothing clear at this point, need to break that range on the right first.
That green line seems to be valid and that blue curved line (with some margin as well). Same as LTC, a break upwards will probably show small bullish movement while a break downwards will probably be a dump.
I understand your take and it is reasonable.
However, bearing in mind that as per technicals and everything else what follows we should be long on B till 4250, then short to 4000 (sub), then 4450.
Equivalent in Ethereum USD output will be around 168-171 at price level 4250$ and 196$ around (maybe more, but that comes upon rebuy) which will correlate with Btc 4000 retest.
All the best botjee.
Let's see how this play out.
About your waves, those would make sense. I think we might see a bit more extreme first push, but that's a guess
You are right, but alts grow more later as B sidewalks on higher price level.
Ethereum is raising trendline, uptrended 30% from very bottom over btc and btc uptrended for additional 20%.
That brought us last time to 91% gain on ETH.
Having on mind ETH already uptrended, i dont think it will offer such returns as in " round 1" during " fork time".
Pesonaly, gainers should be ZEC, QTUM, ETC, LRC, BTG.
We are talking about biggest % return as long we are "long on B".