ETHUSD Canary in the Coal Mine For BTCUSD Breaking Out?
On March 27 I posted the chart below asking which leads ETH or BTC?
Clearly, BTC has been underperforming ETH for the last 15 months. But that is not a bad thing.
In fact, ETHUSD has led BTCUSD higher which is exactly what BTC owners want. BTC going up!
Since March 27 where I showed BTC/ETH is hitting resistance and likely to reverse (which is good)
We see ETH breaking to new all-time new highs, which means BTC is not far behind should ETH
follow-through here.
We certainly have a bullish setup in BTCUSD for this breakout to occur very soon.
Clearly, BTC has been underperforming ETH for the last 15 months. But that is not a bad thing.
In fact, ETHUSD has led BTCUSD higher which is exactly what BTC owners want. BTC going up!
Since March 27 where I showed BTC/ETH is hitting resistance and likely to reverse (which is good)
We see ETH breaking to new all-time new highs, which means BTC is not far behind should ETH
follow-through here.
We certainly have a bullish setup in BTCUSD for this breakout to occur very soon.
ملاحظة
As expected. Nice breakout.ملاحظة
Mo Money Breakout!
Real Macro Economic Investing
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Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.