TonyTheBullSeverino

Ethereum vs Bitcoin ETHBTC 1M Analysis: Could Alts Be Ready To Shine?

I genuinely cannot believe I am saying this, but if the ETHBTC chart is telling the truth, it is hinting at huge altcoin overperformance against Bitcoin.

I really don't understand why we'd get such a huge risk-on situation, so maybe these signals fail by the end of the month. There are 15 more days until the close so I a lot can happen.

However, if these signals breakout before the month is over, or in the coming months, alts will do well compared to BTC. I don't know if this is a BTC pumps less or falls harder situation, but it does look like there's a very good longer-term swing trade ready in ETHBTC.

This means you would want to own more spot ETH than BTC and move your BTC into ETH. Or you'd long ETHBTC if you expected ETH to overperform BTC.

A bull flag is potentially about to break out right below the Bollinger Band basis on the monthly. The RSI is working on trying again on a downtrend line that's had several stron