Technical analysis by koryu about Symbol BTC: Buy recommendation (12/3/2023)
https://sahmeto.com/message/603659

koryu
Rank: 12985
Analytical Power:
1.5

The current ETHUSD weekly is very similar to the BTCUSD daily from the beginning of 2019.It is likely to follow BTC. Fees on ETH are rising, which creates a positive feedback loop as staking revenue increases.also compare with the sol reversalethbtc shows some rebound signalsapproval of btc etfs means higher chance for eth etf approval in may/june. so it's likely that the market will price that in now.BTC Dominance had a bear div and a lower high with rsi bear div trendline rejection, indicating momentum shift towards altcoins. Could form a head and shoulders top next. Watching.
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Signal Type: Buy
Time Frame:
1 dayPrice at Publish Time:
$43,406.34