Nice retrace circa 24-48 hours and we are still have many fractals to play themselves out. Certainly, the recent moves in btc have been a strong stimulus to get a whole lot of crypto (including ether) to move up. I am expecting this immediate impulse to be nearing it's end, and then to retrace to a level. I will reassess then. NFA
@samky39, its hard to say. It will depend on where the subwave 5 will max out at, then .382 then .5 are the two levels I would be eyeing. BUt first Wave 5 Must hit some kind of resistance first.
samky39
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@Rykin_Capital, Thank you for reply.. What do you think is the reason for eth being so behind btc? most people say it is btc dominance.. could something else ?
Rykin_Capital
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@samky39, again hard to say. Actually btc is looking like it might pivot soon, ether has got more gas to play itself out. Usually these sort of differences amount to varying sentiments. Like for instance the dollar is dropping right now, because of reasons, but if you have a look at USDCAD, USDAUS, USDNZD you'll see the same kind of lag phenomenon there as well. It usually doesn't mean anything.