ETH Seasonal Pivot Approaching

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This idea started on my Twitter account and then I added to it. Here it is archived for the blog. As you can see ETH has been bound to certain key dates. It is now time for it to start making its seasonal pivot.

 

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Ethereum to Bitcoin Comparison

AltSeason 2018???

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Most crypto traders are starving for an “AltSeason” so that the non BTC markets can rally off recent lows. The general theory for the last couple years is “as ETH goes, so goes the rest of the altcoin market”. If so, then history suggests that most altcoin markets are near their cyclical bottoms.

As seen in the chart, ETH has been bound to a number of key dates, and like clockwork it keeps repeating the pattern. This would suggest a higher low to made on the daily into solstice with the market turning upwards around Boxing Day. If ETH and other markets keep moving upwards and do follow LTC’s recent movements then it is a clear sign that a top is in for all markets much like the market movements in late 2013 & early 2014. Meaning in that situation, Alts would spike rally like LTC and top with BTC then all roll off with BTC.

 

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Charts are powered by the SCMR Analysis Suite

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Ethereum (ETH)

Ethereum
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Ethereum

The Ethereum to Bitcoin fractal we have been watching has still not resolved itself. As you can see there was diminishing volume but it is still unresolved at this point. As marked on the chart, while it is range bound playing the volatility of BTC is far more profitable until the ratio exits this tightening range.

 

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June 16 2016

Ethereum (ETH) to BTC Bubble Comparison

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Click Chart to Enlarge

Ethereum / Bitcoin Comparison

Here is a recap of this fractal again and what to expect through out June. We have been trading this for a while now, so until the fractal is invalidated it’s best to assume it will continue isn’t it? I think so.

The only real way to invalidate it is for the price to breakout above the white wedge the price is currently trending inside of. Other than that I think the picture tells the tales of highs & lows better than I can describe it.

 

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June 1 2016

 

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