ETH / BTC - Update: Bearish then Bullish Repeating Pattern Idea
Updating an old idea (see Repeating Pattern Idea linked at bottom below). I've recently been posting charts that are bullish on Ethereum / BTC pairing. Alternatively, here is an idea where we see a significant pullback prior to becoming bullish and revisiting all-time highs vs. BTC. Chart is marked as "Short" because that's what would happen first in this scenario, but long-term this is a "Long"
Prior to the last bull run, ETH / BTC formed two double tops, a low and then shot up to its all-time high. If we move down from here and confirm a 2nd double top here, the same is likely to repeat. I could actually see this happening if BTC performs a 30-40% correction soon (or if it makes massive gains even and dominance goes up), which I do believe is possible, as it also occurred during the last bull run after breaching its previous all-time high by 2-300%, which is exactly where we are now.
Should all this happen, ETH could form a double bottom vs BTC and provide the momentum to return to 0.1 or higher.
Let's see what happens, bullish scenarios and a link to a BTC bearish chart below.
Thank you for your support with comments and likes, I love to hear your thoughts and ideas, whether you agree or disagree.
Your one and only,
dudebruhwhoa!
Prior to the last bull run, ETH / BTC formed two double tops, a low and then shot up to its all-time high. If we move down from here and confirm a 2nd double top here, the same is likely to repeat. I could actually see this happening if BTC performs a 30-40% correction soon (or if it makes massive gains even and dominance goes up), which I do believe is possible, as it also occurred during the last bull run after breaching its previous all-time high by 2-300%, which is exactly where we are now.
Should all this happen, ETH could form a double bottom vs BTC and provide the momentum to return to 0.1 or higher.
Let's see what happens, bullish scenarios and a link to a BTC bearish chart below.
Thank you for your support with comments and likes, I love to hear your thoughts and ideas, whether you agree or disagree.
Your one and only,
dudebruhwhoa!
