Its no secret that Bitcoin and Ethereum are the most well known cryptocurrency out there and are leading the way for other, newer cryptocurrencies. Bitcoin acts as an index for all cryptocoins - if Bitcoin goes up, all crypto goes up. If Bitcoin goes down, all crypto goes down. We can use this to find the reversal zones for all the other cryptocurrencies.
From the chart you can see that Bitcoin and Ethereum have almost the same price behaviour. Both showing us that we're in an expanding correction and approaching a significant level which we can reverse from.
For Bitcoin - it is the 30k level we are watching. For Ethereum - it is the 1700 level we are watching.
We can see that we have a little way to go until we reach the bottom. We can use this to see which other cryptocurrencies are near to the bottom and ready ourselves for the inevitable reversal.
See below for some of the other crypto that are near the bottom or are at the bottom.
"Find bottom using this?"...using what? drawing the nearest support?
BelgiumBagel
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@tforsyth, they clearly say when Bitcoin n Ethereum find the bottom, others will find the bottom too. That’s what they meant
drapper1
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Great bullshit post as always! Title: "See how to find the bottom" Chart shows the next support level even a blind person can see!
BelgiumBagel
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@drapper1, they clearly say when Bitcoin n Ethereum find the bottom, other cryptocurrency will find the bottom too and illustrated where they reversal bottom may be.
great bullshit comment without understanding lol
huy_tranquoc1295
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@BelgiumBagel Who doesn’t know that when BTC reaches bottom, other coins will reach bottom too. This is pointless
drapper1
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@huy_tranquoc1295, thank you, apparently this was granted but @BelgiumBagel is just discovering that every Alt is following the BTC trend
BelgiumBagel
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@drapper1, @huy_tranquoc1295 well I don’t see u dumbasses post any charts to help anyone on TradingView. Atleast they’re explaining what the market is showing