{"id":9893,"date":"2019-09-09T11:36:31","date_gmt":"2019-09-09T11:36:31","guid":{"rendered":"https:\/\/tradingshot.com\/?p=9893"},"modified":"2023-04-25T11:40:07","modified_gmt":"2023-04-25T11:40:07","slug":"ethereum-following-bitcoins-first-cycle","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2019\/09\/09\/ethereum-following-bitcoins-first-cycle\/","title":{"rendered":"ETHEREUM following BITCOIN&#8217;s first cycle?"},"content":{"rendered":"<p>Well the title says it all, but can it really be? Ethereum currently following Bitcoin&#8217;s first cycle (2011\/ 2012)?<\/p>\n<p>This is a simplistic yet interesting comparison of the two cycles. After BTC&#8217;s 2011 bottom, the price peaked near the 0.236 Fibonacci retracement. Then it pulled back again but found support on the 0.700 Fibonacci retracement level, only to trade sideways for around 4 months before picking up the new Bull Cycle again. ETH&#8217;s current candle action is following a similar pattern as after the 2018 bottom, it peaked near the 0.236 level only to pull back again currently on the 0.700 retracement zone.<\/p>\n<p>Can this mean that ETHUSD found a bottom and is about to start a lengthy consolidation before picking up the Bull Cycle rally? Let me know what you think in the comments section.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/ETHUSD\/hFwCXtg6-ETHEREUM-following-BITCOIN-s-first-cycle\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/ETHUSD\/hFwCXtg6-ETHEREUM-following-BITCOIN-s-first-cycle<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well the title says it all, but can it really be? Ethereum currently following Bitcoin&#8217;s first cycle (2011\/ 2012)? This is a simplistic yet interesting comparison of the two cycles. After BTC&#8217;s 2011 bottom, the price peaked near the 0.236 Fibonacci retracement. Then it pulled back again but found support on the 0.700 Fibonacci retracement<\/p>\n","protected":false},"author":611,"featured_media":9894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-9893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/9893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=9893"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/9893\/revisions"}],"predecessor-version":[{"id":9897,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/9893\/revisions\/9897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/9894"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=9893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=9893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=9893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}