ETHBTC 1W Outlook ðð
Looking at the Ethereum / Bitcoin ratio on the weekly timeframe we can see that ETH for the past 4 weeks has been outperforming Bitcoin in a very aggressive bullish pattern for the first time since late 2017, early 2018.
ETH/BTC ratio regained the uptrend formed from those dates 3 years ago and looks like the bulls have re-entered the chat.
I've been looking at this chart for over 3 years and now more than ever it looks like the time this 'altcoin season' is going to finally play out. Moving forward here are my take profit levels for the long term:
TP1 ðŊ 0.038570
TP2 ðŊ 0.053672
TP3 ðŊ 0.084004
TP4 ðŊ 0.105244
TP1 has already been 1st touched, and this level is week. I'm expecting ETH/BTC to blow through that level to TP2. Also to take note, CME is adding ETH futures, to become the 2nd cryptocurrency to have a publicly traded futures on the stock exchange alongside of Bitcoin. For the 1st time in over 3 years, its the next crypto to be added to the Futures list.
The best is yet to come!!!!
ETH/BTC ratio regained the uptrend formed from those dates 3 years ago and looks like the bulls have re-entered the chat.
I've been looking at this chart for over 3 years and now more than ever it looks like the time this 'altcoin season' is going to finally play out. Moving forward here are my take profit levels for the long term:
TP1 ðŊ 0.038570
TP2 ðŊ 0.053672
TP3 ðŊ 0.084004
TP4 ðŊ 0.105244
TP1 has already been 1st touched, and this level is week. I'm expecting ETH/BTC to blow through that level to TP2. Also to take note, CME is adding ETH futures, to become the 2nd cryptocurrency to have a publicly traded futures on the stock exchange alongside of Bitcoin. For the 1st time in over 3 years, its the next crypto to be added to the Futures list.
The best is yet to come!!!!
