From May 2016 - December 2016
ETH dropped ~78% vs BTC
From June 2017 to December 2017
ETH dropped ~ 85% vs BTC
From May 2018 - present level
ETH dropped ~33% vs BTC
Hence, bottoming at current
levels would be a cyclical
abnormality based on the last two
cycle drops from spring/summer - December.
BOTTOM LINE, I see one of two things happening here. We are supported at these levels and the ratio reverses, or we are bound to breakdown.
MY LAST MAJOR ETHBTC ANALYSIS:
ETH dropped ~78% vs BTC
From June 2017 to December 2017
ETH dropped ~ 85% vs BTC
From May 2018 - present level
ETH dropped ~33% vs BTC
Hence, bottoming at current
levels would be a cyclical
abnormality based on the last two
cycle drops from spring/summer - December.
BOTTOM LINE, I see one of two things happening here. We are supported at these levels and the ratio reverses, or we are bound to breakdown.
MY LAST MAJOR ETHBTC ANALYSIS:
הערה:
Again, we have 7 days
הערה:
7 days later... we hit support. Watch level closely
הערה:
MAJOR SUPPORT IS BROKEN. VERY BAD FOR ETHER
הערה:
First target of .025 approaching... The chart gave a fair warning if you interpreted the ratio correctly!!
What worries me about the data is the inconsistency of movement. I think there is a pretty reasonable chance at some point the price of Ether will breakdown against Bitcoin and this trendline will no longer support the ratio. Although happening in the next week seems highly unlikely to me since we have not tested the trendline since December. The clue would be one retest, then another retest following it with minimal recovery. We are not there yet..