Ethereum / BitcoinPanjang
Ethereum bottomed?
It appears that Ethereum's relative underperformance is about to end...
TheETHBTC ratio is flashing a daily trend reversal signal, which could precede a series of continuation signals in the same general direction, which could imply the start of a recovery in altcoins vs Bitcoin.
Overall, the risk is 4.11% from here, to swap some Bitcoin for Ethereum, as the signal is invalidated below 0.042 (42!).
I anticipate a turn around as ETHE outflows are dealt with and inflows into the new Ethereum ETFs start making a difference as more and more Wall St banks start pitching ETFs to wealthy clients following Morgan Stanley's financial advisors'.
Best of luck!
Cheers,
Ivan Labrie.
The
ETHBTC ratio is flashing a daily trend reversal signal, which could precede a series of continuation signals in the same general direction, which could imply the start of a recovery in altcoins vs Bitcoin.Overall, the risk is 4.11% from here, to swap some Bitcoin for Ethereum, as the signal is invalidated below 0.042 (42!).
I anticipate a turn around as ETHE outflows are dealt with and inflows into the new Ethereum ETFs start making a difference as more and more Wall St banks start pitching ETFs to wealthy clients following Morgan Stanley's financial advisors'.
Best of luck!
Cheers,
Ivan Labrie.
Nota
Very bullish so far...
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.