- On Daily Bitcoin is at 200 MA resistance + Top of bear flag channel
- On weekly, the chart has a bear flag formation
- On Weekly, RSI downtrend hasn't been broken & is approaching trendline resistance
Metal (MTL) pumps against ETH every March for past 4 years since 2018.
Will 2022 bring a similar result?
Keep an eye to convert a % of your ETH holdings to MTL around Dec'21 or Jan'22 for a chance to Sell on March pump.
All the best!!
Shown on chart
- Clean Support that were respected
- Clean Resistance that was breached. It could/should now turn into support & fuel further rally towards ATH
- Should this support be breached, SEC may have an edge against Ripple in the ongoing high-profile legal battle.
If Cardano closes the August monthly candle above 0.00065ETH, I'll convert a % of my ETH holding into Cardano
For ones who think they have missed the Cardano Train of gains, check its chart Vs. ETH
Cardano can double your ETH holding
60-70% above are weekly/monthly resistances on ETH/BTC pair.
Longer the base higher in the space: ETH has developed a solid base before entering this uptrend against BTC. So there is a small chance that ETH can reach new ATH against BTC. But that would mean 'The fippening'. I am not counting on it untill it happens.
BTC is THE King, untill it is not.
ETH is NOT...
But it'll be interesting to see whether the expected bullish divergence plays out or does it fail.
If it fails - We see an extravagant ALT Season
If it plays out - We first see money flowing into Bitcoin, then we see Money flowing into ALTs & BTC.D dropping to new All Time LOWs.