[ETH/BTC] TA

23 ביולי 2018

Did a TA on ETH/BTC, seems like ETH just broke its downwards sloping trend channel and is now touching 0.06 BTC. Main reason I could think of, of why ETH is not performing as good as BTC is simply because 1) big projects are cashing in on their ethereum that they raised during their ICO phase and 2) The next ETF that is potentially coming out would be Bitcoin and for that, people are selling other alts to enter BTC. I think ETH might still continue to not perform as well as BTC till ETF release. But if BTC ETF is out, the next to follow would highly be ETH ETF and thats when I think the real bull run will happen for ETH.