Earlier during a livestream, I discussed the differences between Ethereum and Bitcoin in terms of their daily-chart trend structures


Bitcoin's daily chart has fallen in three segments (purple),
whereas Ethereum, strictly speaking according to the standard definition, has only formed one segment, or merely a 4-hour downtrend type
This means that Ethereum's recent rebound has the same role within the weekly structure as Bitcoin's rebound from 60,000 to 82,850

The logic behind Bitcoin's current rise is a segment-to-segment divergence on the daily chart, which can also be understood as a quasi-divergence, forming a daily-chart rebound
Ethereum, by contrast, has merely formed a same-level reversal through a First Buy Point within the previous 4-hour trend type

So although both the big brother and the second brother are rising in price, their significance is completely different

It is even less the case that Ethereum's so-called value discovery will lead a new bull market; this view is pure nonsense, seeing only the surface without understanding what lies beneath $BTC $ETH
BTC-1.71%
ETH-0.05%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
1596 views
  • Reward
  • 6
  • Repost
  • Share
Comment
Add a comment
Add a comment
DrunkenInkDiscussion
· 3h ago
Pin
In trading, the most dangerous thing is blindly following what others say and going with the flow. At the very least, know why the asset is rising, as well as the logic and magnitude of the rise and its role in a larger time frame. Otherwise, how can there be value discovery or value investing?
Reply0
TemVictim
· 3h ago
Closed the position before the rally—regretting it terribly.
Reply0
View More
GrandmaTaiBlessesMeW
· 3h ago
Did you livestream recently? I missed it and feel like I missed out on 100 million.🤣
Reply0
View More
  • Pinned