How long have you been reading about our bullish Ethereum (ETH) thesis? A month? Two?
Well, we. are sticking with it. Looking at the chart of Ethereum (ETH) vs. Bitcoin (BTC), we think now may be time for Ethereum (ETH) to start rallying vs. Bitcoin (BTC). ETHBTC dipped on the huge move in Bitcoin (BTC), but it held at the 50% retracement of the recent up move. Looking at candles after the last two days, we see ETH ready to join in and eventually take out the previous 4th wave higher at .0223.
Bottom Line: We didn't quite get it right that Ethereum (ETH) would lead the next rally phase. Bitcoin took care of that. We do, however, think that Ethereum (ETH) has a lot of catching up to do on the upside relative to Bitcoin (BTC).
Well, we. are sticking with it. Looking at the chart of Ethereum (ETH) vs. Bitcoin (BTC), we think now may be time for Ethereum (ETH) to start rallying vs. Bitcoin (BTC). ETHBTC dipped on the huge move in Bitcoin (BTC), but it held at the 50% retracement of the recent up move. Looking at candles after the last two days, we see ETH ready to join in and eventually take out the previous 4th wave higher at .0223.
Bottom Line: We didn't quite get it right that Ethereum (ETH) would lead the next rally phase. Bitcoin took care of that. We do, however, think that Ethereum (ETH) has a lot of catching up to do on the upside relative to Bitcoin (BTC).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.