All moments › WARNING! MASSIVE BITCOIN SHORT Before FOMC | $60K Next or Massive Reversal?
Now, the thing about ETH that's different from Bitcoin is ETH does not have the nice bullish divergence bottom here. So on Bitcoin, at the bottom of the Bitcoin range, we have a clear bullish bottom signal. We don't have that for ETH, but ETH does not give us clear signals as Bitcoin does, but they do kind of follow each other, right? So if Bitcoin is going to continue down to $60,000, it just makes the most sense that ETH would come back down toward $1,600, right? If Bitcoin is going to break the range to the downside and take the liquidity, what makes the most sense that ETH would probably do the same? Let's check out our daily timeframe. The daily timeframe looks bullish on market side for B, even though we don't have bullish divergences here. We have that same kind of pattern. We have pretty bearish diversions here on the daily though.
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