Hey guys, ETH broke to higher highs today compared to big brother Bitcoin, and there is a good reason for this: In the ETHBTC-chart we're right now trying to break the big equilibrium to the upside => If this is successful, it will have huge implications in the direct correlation, see my video from today regarding this matter.
Since the break of yesterday together with BTC we have touched the 12 EMA after consolidation, before shooting up. During the whole breakout, the 12 EMA still acts as support, but in the 4H we still have much room for further consolidation, which will obviously depend on big brother BTC.
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Since the break of yesterday together with BTC we have touched the 12 EMA after consolidation, before shooting up. During the whole breakout, the 12 EMA still acts as support, but in the 4H we still have much room for further consolidation, which will obviously depend on big brother BTC.
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.