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.
Bình luận:
As expected. Nice breakout.
Bình luận:
Mo Money Breakout!
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