Growing Soil Grows Fruit
Atualizado
It has been clear that ETH has been hesitant. Please read this with the Bitcoin analysis (attached below) and see how ETH has curved compared to BTC. This has put $420 further out as ETH is waiting for BTC to give it some oomph.
Decision Box 1 is further out than that of BTC as any positivity in BTC could see ETH overperform into a fake out. Green Target 1 correlates well with BTC’s first green target, and so does Green Targets 2 and 3 to a lesser extent. Green Target 4 is not simply there because it came into view before, but that is a clear goal that cannot be denied. The result is a tentative forecast of correlation followed by a possible overperformance.
Decision Box 2’s attached black triangle is explained in the BTC analysis. The Red Targets have largely stayed the same.
Conclusion: As always, the correlation is relied upon. If the soil (BTC) turns bad, so will the fruits but in relation and vice versa. Very important to me: Please leave a like if you appreciate the effort, Please comment to develop this further and Please follow if you see this bearing fruit in the future, that you might like to know about.
Decision Box 1 is further out than that of BTC as any positivity in BTC could see ETH overperform into a fake out. Green Target 1 correlates well with BTC’s first green target, and so does Green Targets 2 and 3 to a lesser extent. Green Target 4 is not simply there because it came into view before, but that is a clear goal that cannot be denied. The result is a tentative forecast of correlation followed by a possible overperformance.
Decision Box 2’s attached black triangle is explained in the BTC analysis. The Red Targets have largely stayed the same.
Conclusion: As always, the correlation is relied upon. If the soil (BTC) turns bad, so will the fruits but in relation and vice versa. Very important to me: Please leave a like if you appreciate the effort, Please comment to develop this further and Please follow if you see this bearing fruit in the future, that you might like to know about.
Nota
Relating BTC analysis. 
Nota
Previous ETH analysis 
Nota
Bitcoin did well (run it from analysis above) but ETH has not (also push play above). Will it play catch up all the way to the ETH Green Target 2 if BTC gets to its Green Target 2, or will it stall at ETH Green Target 1 as though if that corresponds with the BTC GT 2? I think that watching the BTC price is more important now and would take the ETH Green Target 1 more seriously.Nota
The correlation between ETH and BTC has inverted as ETH is being sold for BTC. As we all know, this cannot last forever. I still take the levels on the ETH chart seriously as they are "decision levels" and please "play" the BTC analysis above and see how it unfolded.Nota
Next ETH contribution 
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.