Altseason soon according to ETH/BTC
Comparing ETH/BTC (left) to TOTAL2 (right)(All cryptos excluding BTC) usually gives us a good idea of when to expect an altseason.
ETH/BTC is right now testing a trendline of support (orange) that has called every low (of the ETH/BTC pair) since 2017.
The gains we have seen from this pair since testing our trendline of support has lead to a 2,044%, 40%, 75%, 103%, and 290% pump respectively.
Also, the RSI for the ETH/BTC pair is oversold on the weekly (bottom green circles). This has historically indicated a phenomenal opportunity to buy.
Taking those key moments from the ETH/BTC chart and plotting them on the TOTAL2 chart shows us that we have seen a significant growth in marketcap after these periods. These moments are indicated with a green arrow in the chart. These periods have lead to a marketcap growth of 82,600%, 28%, 122%, 151%, and 753%.
Looking at our RSI we are at a key resistance level on the weekly (red line) around a 62. If/when we are able to get above we should see a huge growth in the marketcap of many altcoins.
ETH/BTC is right now testing a trendline of support (orange) that has called every low (of the ETH/BTC pair) since 2017.
The gains we have seen from this pair since testing our trendline of support has lead to a 2,044%, 40%, 75%, 103%, and 290% pump respectively.
Also, the RSI for the ETH/BTC pair is oversold on the weekly (bottom green circles). This has historically indicated a phenomenal opportunity to buy.
Taking those key moments from the ETH/BTC chart and plotting them on the TOTAL2 chart shows us that we have seen a significant growth in marketcap after these periods. These moments are indicated with a green arrow in the chart. These periods have lead to a marketcap growth of 82,600%, 28%, 122%, 151%, and 753%.
Looking at our RSI we are at a key resistance level on the weekly (red line) around a 62. If/when we are able to get above we should see a huge growth in the marketcap of many altcoins.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.