ETH/BTC: ETH to the moon (No, seriously)

3 במאי 2021

Hello all once more, not saying I told you so or anything…. Sike! The bull flag play worked beautifully, and ETH is printing $$$. New All Time Highs seem to be happening every day, and this bull run is insane. However, you might ask, won’t there be a pullback? My answer to that question is a resounding no. In fact, the pullback already happened. For this analysis, Id like to take a look at data going all the way back to the beginning of covid. I’ve circled most major signals on the ETH/BTC ratio, and colored them accordingly. Additionally, I’ve marked out the times where the ratio flags, whether in the bull or bear direction, and chart patterns that I utilized. The Squeeze indicator is telling me that this is not a false breakout, for there are higher highs on the histogram. Additionally, the Supertrend has had the ratio as a buy since I initially called out the bull flag in early april. Not the mention the 4 BULL PATTERNS ON THE RATIO. Jeez, i mean one of these things still happens every couple of weeks, but still, come on now. I really don't know what else to say other than ETH to the moon, simply because no matter which way bitcoin goes ETH will continue to outperform BTC on a massive scale, quite possibly taking significant strides to close the market cap gap. Not only is the highest the ratio has been since the start of COVID, (early 2020), but it is in fact the highest its been in two and a half years. The ratio will continue to make multi yearly highs over the coming months and years, and don't tell me i didn't warn you all.