ETH/BTC has Alt Coins on Hold Temporarily?

2023年12月6日

As you can see here, we are in a short term stalemate. You have ADA, SAND, and many others coming off a cup and handle pattern looking ready to explode, but they all are waiting on the ETH/BTC dominance. It looks to be bouncing, but the fight's not over. Either BTC needs to go down or ETH needs to go up or both. If ETH keeps going down from that support, the altcoins should too, most of them anyway. If it bounces, watch out for major pumps.

2023年12月6日

註釋

As you can see, we've hit this line multiple times and it's in a downtrend. A descending triangle at that which is bearish. Only 54% of the time from what I've read, but it breaks out from the downtrend line, much more bullish, like 84% from my google search. It is the 3rd/4th time it's tested this line however, so it should be interesting to see what happens. BTC badly needs a correction and that will take the whole market with it of course.

2023年12月6日

註釋

ADA seems to be more correlated with BTC at the moment, it will be interesting to see it if just keeps climbing with a BTC rise.

2023年12月6日

註釋

Assuming the ETH/BTC still holds steady

2023年12月8日

註釋

Real nice bounce, let's see if it can go through the trendline