ETHBTC has formed a triangle, flag, or whatever you call it.
now, we have two scenarios ahead, like the previous times when this happened:
first, to break the RSI 50 level and pump,
second, to get rejected at RSI 50 level and dump.
so, I am waiting patiently and wait for the market to choose one.
moreover,
- based on BTC dominance, it is bullish.
- based on XAUBTC bitcoin will pump soon and this means BTC will lose its dominance (at least in a short time) and it mean ETHBTC will be bullish.
- less likely to happen scenario is that BTC pump like crazy and take its dominance over 50 or 55 and then ETHBTC will dump.
now, we have two scenarios ahead, like the previous times when this happened:
first, to break the RSI 50 level and pump,
second, to get rejected at RSI 50 level and dump.
so, I am waiting patiently and wait for the market to choose one.
moreover,
- based on BTC dominance, it is bullish.
- based on XAUBTC bitcoin will pump soon and this means BTC will lose its dominance (at least in a short time) and it mean ETHBTC will be bullish.
- less likely to happen scenario is that BTC pump like crazy and take its dominance over 50 or 55 and then ETHBTC will dump.
