#bitcoin #ethereum #doge

Today, we note that the daily candles for ETH and Doge are quite good. However, Bitcoin is still quietly choosing its own path. I explained in the previous article that Bitcoin has not yet reached the 0.5 ratio on the bullish Fibonacci chart that I outlined. Meanwhile, Doge and ETH have reached the price level at this ratio. Therefore, this week, Bitcoin's price may continue to drop a little. On the other hand, ETH and Doge may rise again.

It is noteworthy that all three coins I mentioned, when the market bounces, all reach resistance levels and have been rejected and went down. This is completely normal.

Thus, if ETH and Doge want to rise, they need very strong buying power. Otherwise, we will witness a fierce struggle between the bulls and the bears. Based on the daily candle, along with the fact that these two coins have reached the 0.5 ratio, I believe the bulls will prevail. We should consider making a Buy decision at this time. A stop-loss below the 0.5 ratio should be considered.

As for Bitcoin, I really do not have faith in a recovery. Let's look at the weekly candle; both the weekly and daily candles are quite bad. I will continue to wait.

In summary, I think ETH and Doge will rise again but not strongly. Meanwhile, Bitcoin will continue to decline.

Note: this is just a personal opinion; I am not an expert.