Volume has moved from ALTS to BTC since July. Meaning, when BTC goes up significantly ALTS crash.
Depending on BTC price movement after the fork, most ALTs should recover that lost volume, and this could be the lows for most ALTS. ETH should drive recovery for ALTS. I am Buying ETH around $275-$280.
Most likely BTC is still bullish to at-least $8,000. People...
A correction may be coming few days before the hard-fork, down to the levels shown. If we survive the weekend, it may pump to $7500-$8,000 . A massive correction >40% is unlikely however. It is fair to say BTC is breaking all trends and it is now on a new trajectory. Fibs and channel trajectory shown.
Like and comment, Interesting few days ahead.
Spotted past repeating trend. All in all, ETHUSD is setup for an upward move with the upcoming conferences on fintech etc,and the uncertainty around segwit2x, should be bullish for ETHUSD. BTCETH correlation may break once and for all after Metropolis and Segwit2x. Possibly good buying opportunity.