With BTC 5th wave set to drop all the way down to $4700 you can expect ETH to suffer HARD. Alt coins suffer even harder than BTC itself when it drops fast and that's what we're looking at right now.
ETH simply is not strong enough to fight against a descending BTC. We have a MAJOR $150 area that needs to square up down there ($725 to $575) This represent BILLIONS and BILLIONS of dollar currently trapped at that price and the big boys need to clear them.
We might see a double bottom at $575 or a 100% give back from the initial move that happened in December. It all depends on how hard and fast BTC suffers in the next few days.
In my mind ETH will visit at least the $575 area. If you are looking for an investment or target trade this could be your chance. $475 is VERY possible as well.
Follow me on telegram if you want to be updated on this trade.
Like and comment if you agree with the chart!
ETH simply is not strong enough to fight against a descending BTC. We have a MAJOR $150 area that needs to square up down there ($725 to $575) This represent BILLIONS and BILLIONS of dollar currently trapped at that price and the big boys need to clear them.
We might see a double bottom at $575 or a 100% give back from the initial move that happened in December. It all depends on how hard and fast BTC suffers in the next few days.
In my mind ETH will visit at least the $575 area. If you are looking for an investment or target trade this could be your chance. $475 is VERY possible as well.
Follow me on telegram if you want to be updated on this trade.
Like and comment if you agree with the chart!
