Altseason is almost here - the opportunity to stack more sats.
In my previous post, I pointed out that Ether has broken above the critical price point against bitcoin (0.026 level), likely in part due to a shift of capital from bitcoin to Ether (often seen following a rapid price appreciation in bitcoin). Just to add to this, we also have upside penetration of the upper trend line forming the descending broadening wedge on the daily chart - a daily close above this trend line could mark the beginning of altseason, and thus, the continuation of ETH/BTC to levels observed in the previous bull run. Keep in mind that Ether is still below its all time high and more affordable relative to bitcoin to new retail traders attracted to the crypto space by bitcoin's recent parabolic run.
If you regret not buying more bitcoin in the past this trade would be a good opportunity to stack more sats as Ether is expected to 20x in the next bull run (i.e. more than bitcoin).
Bitcoin is getting ready for another bounce to the upside however this could be followed by a blow-off top (rapid price drop) which I'll post about soon.
Live long and prosper.
If you regret not buying more bitcoin in the past this trade would be a good opportunity to stack more sats as Ether is expected to 20x in the next bull run (i.e. more than bitcoin).
Bitcoin is getting ready for another bounce to the upside however this could be followed by a blow-off top (rapid price drop) which I'll post about soon.
Live long and prosper.
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