if you are wondering : why isn't eth going up ?
Here is an answer.
Many are asking why aren't Etherum and altcoin moving with BTC
While prices seem to mostly follow the same line, some subtle difference can have huge consequences
This is exclusively from a TA stand-point.
Notice how BTC allow for ETH a second chance at a failed pattern
And how that same failure was due to BTC correcting after completing it's own pattern
In term of psychology it's much easier to understand.
This has happen every single bullrun.
Back in the day with LTC, and now with ETH.
When new money comes in, it never goes straight for alt. Your first move is never an high risk one.
So BTC goes up, and alts stagnate.
Consequently money flows out of alts to catch the BTC ride, so alts goes down.
BTC starts taking profit and diversify, alts accumulate
buyers left behind by BTC and greed invest back into alts : Alts goes up, BTC retrace.
So this is actually a good sign !
Many are asking why aren't Etherum and altcoin moving with BTC
While prices seem to mostly follow the same line, some subtle difference can have huge consequences
This is exclusively from a TA stand-point.
Notice how BTC allow for ETH a second chance at a failed pattern
And how that same failure was due to BTC correcting after completing it's own pattern
In term of psychology it's much easier to understand.
This has happen every single bullrun.
Back in the day with LTC, and now with ETH.
When new money comes in, it never goes straight for alt. Your first move is never an high risk one.
So BTC goes up, and alts stagnate.
Consequently money flows out of alts to catch the BTC ride, so alts goes down.
BTC starts taking profit and diversify, alts accumulate
buyers left behind by BTC and greed invest back into alts : Alts goes up, BTC retrace.
So this is actually a good sign !
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