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.
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.
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.