- September 13, 2020
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is an interesting find I came across while comparing ETH’s current cycle on the 1W chart to BTC’s previous (2014 – 2017) Cycle.
As you see Ethereum, not only follows Bitcoin’s Bear Market structure but also the consolidation that took place after, which led to the Bull Market rally. When that consolidation broke to the upside and the price pulled-back to test the (previous) top of the structure as Support, it held and kickstarted the aggressive phase of the Bull Market for Bitcoin.
Will history ETHUSD follow Bitcoin on this one? Feel free to share your work and let me know in the comments section!
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