Excerpt from an article:
While Bitcoin (BTC) closed 2019 higher nearly 90%, Ethereum closed relatively flat, but lower nonetheless. The thick red vertical line on June 25th, 2019, was the 6/8th harmonic time pivot which generated a substantial sell-off. The sell-off has continued to this day. Ethereum recently made new 2019 and 7-month lows as recently as December 18th, 2019. The next time pivot is the same pivot we saw on June 25th, 2019 and it occurs on January 5th, 2020. The 6/8th harmonic pivot, in particular, is a powerful reversal pivot. But Ethereum looks to trade lower and create new 7-month lows, surpassing the 2019 low and possibly the 2018 low. If that were to occur, we might not see the ultimate low for Ethereum until the end of the current Law of Vibration cycle on February 21st, 2020. If we do see a continuation move from the 6/8th time pivot, then the next reactionary pivot will be the 7/8th harmonic on January 29th, 2020. Depending on how long you have been involved in cryptocurrencies, you may recall an event in 2017 and early 2018 that was referred to as ‘The Flippining.’ The Flipping was an event that would see Ethereum surpass Bitcoin in market cap. That has not occurred and it may never happen. The reasons for this are many, but mostly because Ethereum has a great many competitors – the chief threat to its supremacy and utility is Cardano, which plans to have its full network released in 2020. The Flippining will instead see Ethereum being replaced by another or several cryptocurrencies to challenge Bitcoin’s hegemony and dominance over this market.