ETH/BTC is dead - Bitcoin likely explodes towards 42k and beyond- it seems eth/btc has, with this current daily rejection, just confirmed a macro breakdown of more than two year long macro range (picture in comments)
- the implication of this is significant: since btc dominance to btc correlation has been positive, a sharp move down of eth/btc implies a strong upside move of btc dominance which in turn (due to positive correlation) implies that BTC is going to viciously move to the upside
- final target of this upcoming move is anywhere between 42 and 48k