2nd: to go down and make a bottom around 8580~8210 then go up targeting the 15k level
i feel that the 2nd scenario is closer to current movement, so i'm trying to use that on ETH, Since Btc might go down a little, and ETH will get some strength soon.
i'll try buying ETH/BTC next week, i hope it doesn't go lower than 0.0204 tho before reversing up.
but historically whenever bitcoin price drops altcoins follow it down. and in case of ETH/BTC the chances of seeing a large dump is very high because the ethereum market has not been good for a long time and the bag holders who have lost a lot are only calm right now because they are not seeing any new dumps, if a dump were to begin they will panic and could potentially crash its price.
not necessary, for example u can see BTC/USD & ETH/USD both going down against USD, yet ETH going up vs BTC on ETH/BTC or vice versa.
btw it's already happening, daily candle of today on BTC/USD is going down while ETH is going up against BTC
https://i.imgur.com/lj4nGiT.pngit's a normal correction.
https://i.imgur.com/fbyPPA2.pngit's an up cycle that started at Sep 6th and ends at Dec 7th around 0.035-0.036
