ETH.BTC (Y20.P1.16).MACRO.Keep an eye on this

Hi All,

I have seen many tweets about the ETH \ BTC paring weekly chart.
Many say that it has a massive potential.

So I thought I share this and point out a few things that are obvious and see what others think, would be nice.

MY THOUGHTS:

a) Downward wedge, bullish breakout potential;
b) We seem to be at a support range, with the 1st bounce and a lower high;
c) Pre-requisite might be that BTC dominance needs to be dropping significantly (currently in progress);
d) Potential reversal pattern might be in play on the daily. 3 major touches on the bottom and two on the top will do it?
e) Looking for a breakout of this 1 Daily chart before considering entry (daily chart below);
f) Daily EMAs acting as resistance at the moment, this needs to be reversed (1 of the conditions);


Please don't forget to give me a tick\like, as I would appreciate it.


Regards,
S.Sari /CryptoProspa
(for my reference > Master.copy chart)


ETH\BTC Daily chart

Kommentera:

Kommentera:

How are we progressing in this area? My thoughts, the Macd is still giving us good signs, its not telling us to avoid going in.
I will keep monitoring it, looking for convergence (lower highs and higher highs) and candlestick bullish signs.

Kommentera:

WEEKLY Update: On the boarder of the 20 EMA.
1 more week will tell us if the trend is a reversal.