quantmaven

ETH/BTC Spread: Still has way to go to reach the bottom

I said in my previous post that I'm eyeing a bottom around 1700 for ETH. The price is currently at 1815 as I am writing this piece. I don't know if 115 points is enough for that indicator to touch the final point of the triangle. That's why I'm bringing the hypothesis ETH may undershoot below 1700 to possibly even as low as 1550 for a couple minutes before bouncing back to 1700, crashing all the other altcoins with it. We will see how it plays out but I'm paying attention to when this indicator touches the bottom of the barrel.
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