Nobody Told Ethereum Bitcoin Was Hitting A New ATH?
2024-10-30

Is this it? Is the high in?

I know you already know what I think but I just wanted to share the joke, the joke in the title... Nobody told ETH what Bitcoin is doing? Hello... It seems Ethereum has been left behind.

You know, something similar happened in 2021...

The double-top in November was not matched by the entire market. Only a portion of the market went on to produce a strong double-top or higher high together with Bitcoin. Most of the Altcoins peaked in early 2021 and never looked back. So this is not new.

Bitcoin went ahead and hit a new ATH recently while the rest of the market is nowhere to be found. The similarities to 2021 are appalling.

We are assuming that the ensuing correction will be fast and short-lived, but this is just an assumption. Who knows how things will really develop.

With the threat of war, socio-political instability, financial chaos and the rest, anything goes.

We are living in some really interesting times... Can't wait to see the results.

Ethereum can move higher but first, it needs to close weekly above $2,800-$2,900 or else it is more of the same, consolidation within a bearish flag. If it can move and stay above $2,800-$2,900, this activates bullish potential. Anything lower and there is nothing to expect from this chart, other than another major drop.

I'll see you on the other side.

Some of the 3X Short pairs on KuCoin just shot up ~9,000,000%. Is someone predicting another leg down? I don't know about predictions but they are betting down. The timing is revealing.

Namaste.