Important Analysis: Ethereum Chart Against Bitcoin (ETH/BTC)
This means we are measuring the strength of Ethereum against Bitcoin itself, not against the dollar.
What if Ethereum closes two days below 0.0233?
I currently exclude this scenario, but if it does happen:
•Liquidity will start to exit alternatives, and Bitcoin dominance will return strongly.
•At that time, we will exit any alternative currency and head towards Bitcoin… to preserve our funds, not out of stubbornness with the market.
Okay… what if there is a slight correction?
For example, if Ethereum corrects to around 0.0237 and stops there, and begins to move sideways without the 0.0233 scenario occurring…
•Then alternative currencies will witness a slight decline (averaging around 10%).
•After that, I expect Ethereum to enter a sideways movement… followed by a strong upward explosion, God willing.
•With Ethereum's rise, alternative currencies will gradually begin to recover, and I expect a strong wave for alternatives in terms of increase.
Certainly, not all currencies will recover at the same moment, but what we are studying and monitoring from now on is what will align with the upcoming scenario, God willing.
Focus on the details, because timing the entry is more important than the entry itself.