Calling the ETHBTC bottom

17 thg 5

As of writing this ETHBTC is trading at .4508

Current arena - Ethereum was once the future of finance, however other sybil friendly VC chains have front ran it on crypto's greatest value proposition of creating rug pulls with dogs on them.

Technicals - On a monthly timeframe ETHBTC has just completed it's first death cross . And has dumped front running this event.

Narratives - The new prominent narrative of "Liquidity will not find it's way out of the Bitcoin ETFs" convinces me this is the bottom. A rounded bottom or V shape is possible depending on narratives surrounding the ETFs.

17 thg 5

Ghi chú

Correction - Bearish cross (50/21) MA's not death cross

19 thg 6

Ghi chú

This idea is playing out well. Only a few ticks off from the bottom :-). I wrote this when the ETH ETF was as sure as rejected. Now with the ETF as a tailwind to ETH will likely lead for the rest of the bull market as well as giving tailwinds to BTC/SOL narratives.