Can ETH Outperform BTC?

ETHBTC is one of those charts, which can be telling us that volatility is near. Loking at the daily price chart, it can be actually finishing a larger (A)-(B)-(C) correction, currently seen in final stages of the wedge pattern within subwave 5, with ideal swing zone here around channel support line , 0.045 – 0.040 area. So, as we have been talking about for a while, BTC.dominance might slow down and ALTcoins may kick in, so ETH may try to catch Bitcoin soon. Just keep in mind that the first bullish evidence for ETHBTC is only above 0.061 region.
Bitcoin (Cryptocurrency)Chart PatternscorrectionCryptocurrencycryptosElliott WaveETHBTCEthereum (Cryptocurrency)supportTechnical AnalysisTrend AnalysisWave Analysis

Explore our services
👉wavetraders.com/elliott-wave-plans/

Learn Elliott Waves
👉 wavetraders.com/academy/

Newsletter Sign up
👉 bit.ly/3FVPVzO
Also on:

Related publications

Disclaimer