This are my thoughts on ETHUSD using BTCUSD Long-term Bullish Continuation Symmetrical Triangle as an Indicator of PA and Forming Similar Trendlines.
We were never and are not in a bearish or bullish phase. We have been consolidating within a bullish long-term pattern. Seems that the pattern will also play out just in time for the halving effect which i estimate will start breaking out latest by December 2020 or January 2021.
The breakout will be epic if this is indeed the long-term pattern that we are in currently.
Just sharing an observation. The timelines and patterns and trendlines does support this theory. Especially considering that BTCUSD halving is coming up in May. Don't expect the effect to be immediate. Give it a few months at least.
We were never and are not in a bearish or bullish phase. We have been consolidating within a bullish long-term pattern. Seems that the pattern will also play out just in time for the halving effect which i estimate will start breaking out latest by December 2020 or January 2021.
The breakout will be epic if this is indeed the long-term pattern that we are in currently.
Just sharing an observation. The timelines and patterns and trendlines does support this theory. Especially considering that BTCUSD halving is coming up in May. Don't expect the effect to be immediate. Give it a few months at least.
