Taking note of a few items on the ETH/BTC chart.
After the SEC Binance and Coinbase legal complaint there has been a noticeable drop of in ETH/BTC's performance. This deviation from the trendline might mark a shift in the trajectory for eth for a while. OR, it was a fake-out, and can be seen as such.
On a higher timeframe the chart has been correcting. If elliott waves can be counted, perhaps this is near the end of a corrective wave 2.
There are noticeable pivots to identify a rather clean 0.618 AB = CD.
I've also indicated the path/plan for a wolfe pattern trade setup.
Worst case scenario might result in eth revisiting lows near 0.04 BTC, to complete a higher time frame Gartley pattern.
After the SEC Binance and Coinbase legal complaint there has been a noticeable drop of in ETH/BTC's performance. This deviation from the trendline might mark a shift in the trajectory for eth for a while. OR, it was a fake-out, and can be seen as such.
On a higher timeframe the chart has been correcting. If elliott waves can be counted, perhaps this is near the end of a corrective wave 2.
There are noticeable pivots to identify a rather clean 0.618 AB = CD.
I've also indicated the path/plan for a wolfe pattern trade setup.
Worst case scenario might result in eth revisiting lows near 0.04 BTC, to complete a higher time frame Gartley pattern.
Not
Here's a chart to provide more context for my Elliott Wave view:Not
With one exception, that I think the current wave 2 correction might be a WXYXZ.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.