spenceclay4

spenceclay4

Indicators are not always correct, but here is my prediction. this same thing happened with Bitcoin when the MACD diverted from the signal a month ago on the 5Y chart, and it is still happening with no sight in a shift. This is why I think ETH could go down to about 1500-1800 before the next spike.

spenceclay4

Here is the 5Y chart for ETH. As we can see, the MACD lies at a modest 398 and we can see the RSI start to descend. These indicators do not signal the bearishness of the BTC chart however. With that being said, are we entering a bear market for ETH and Altcoins? or is the altcoin season about to begin? Let me know what you think.

spenceclay4

As we can see here, the MACD is downward descending on the 5Y chart. Although it has not quite crossed the signal, it is showing more bearish signs. This past weekends correction seems to have slowed down the BTC momentum even more. What do you think? Should we be concerned?