Ethereum has hit .06 BTC Is this the top here? Our logarithmic chart shows us this should be the short term top, but will not be "the blow off top". Meaning a correction is likely, but will be short term.
In my opinion, we should see a short term reversal back to the support zone, just over .05 BTC. This can go down further but will remain a short term trend. By June - Maybe July, we should be able to hit upwards of .075 - 0.1 BTC.
Then, and this part is IMPORTANT!!! Ethereum will do what it always does in the summer... it will cool down. I believe it will not cool down yet, as it really just started its transition, but as we reach higher near .1 the selling pressure will be enough to stave off a higher bullish push.
I know Alts have been rocking it out, but the smart money (And institutional money) is quietly collecting Bitcoin, getting ready for what is next.
Comentarios
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Alright - so here we are, and much sideways we've went. Over the years, Bitcoin and Ethereum have generally diverged right around... Now!
I should expect this to happen again, and Ethereum will bottom compared to BTC in the coming months. Good buying opportunity ahead, and potential big gains coming. When BTC decides to go back on its rampage (any week now), you will wish you sold your Alts. Thats my best guess.
Are there any other altcoins you are looking at atm? your wex is doing pretty good atm.
Shwayze
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@elmiqen, yea. I actually got out of wex - beware the complete volume drops. .26, so I am up around 2000%.
PSWAP is the one that paid out the most so far.
I did Sora.Farm, over 3 months. Initial inviestment of around 8k. XOR and ETH. And you know, those both blew up since december. The payout was 293875 Polkaswap, which was about 111k when I checked the other day at 0.38 cents. I am providing liquidity still, and its worth it. Check out PSWAP.
Shwayze
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@Shwayze, and then a couple pump dump ones, I have a separate portfolio for pump/dump. I bought ShibaPup and Shiba Inu after I saw Musk tweeted "I wnt a Shiba Pup", bought shibapup at $1.58 - its now $19. Shiba Inu is up a lot too. Careful these have like 0 fundamentals and should not be considered investments at all. Just social theory.