SamMitchell

Ethereum Fractal, Rally vs BTC incoming?

Long
BITTREX:ETHBTC   Ethereum / Bitcoin
Viewing the ETH/BTC chart, I see a clear fractal with a bounce off of the same fib level on it's last major bull run also a golden cross setting up. Looking at this fractal we can see there is a possibility that market sentiment is changing back towards Ethereum in comparison to Bitcoin. It could mean further capitulation for BTC, so we may see ETH not gain much value in USD but see strong relative strength against BTC.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.