Ethereum bottomed?
It appears that Ethereum's relative underperformance is about to end...
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.
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.
הערה
Very bullish so far...
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