shubbs

Predicting the next alt season based on ETH:BTC

Alış
POLONIEX:ETHBTC   Ethereum / Bitcoin
I have the weekly ETH:BTC chart here since 2015. In the last bull market ETH outperformed BTC from late 2015 to mid 2017 as the ratio rose from 0.00137 to 0.15297. I have shown what I think that 12345 impulse wave looked like. From mid 2017 to now, the ETH:BTC ratio has been in a bear market. I have shown the ABC projected pattern with a C wave ending probably in about 2 months or so in Oct 2019. I think by then Bitcoin might be hitting a new all time high above $20000. That's when many analysts believe an alt season will start (when BTC makes a new ATH). Since ETH is the biggest market cap alt, examining this chart could help to determine when the C wave will end and a new bullish impulse wave will start.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.