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#ETHBTC: Upside until end of May...

Por IvanLabrie
Atualizado
It seems we have a trend here, I'm thinking we see a big rotation out of #BNB ecosystem and into #ETH based DeFi. Bitcoin Dominance chart suggests we have alt season until the end of May, and it fits this chart nicely. Let's see how this goes. Personally, I'm exposed via low risk margin positions against #Bitcoin collateral myself, but it is potentially valid to buy spot #ETH with #BTC here and specially on dips too. What comes after this signal ends might be a massacre of Altcoin prices in Bitcoin terms I think. I'd suggest caution to people holding alts. Sell in (late) May and go away (into Bitcoin spot). Thank me later...

Cheers,

Ivan Labrie.
Comentário
I revised the forecast, the 2 week timeframe does a better job at explaining the moves so far, target is a bit higher, duration of the rally similar. Ends up topping near 0.062 by late May, early June.
snapshot
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Crypto could have topped today, if you're in, not bad to gtfo out of everything and hodl good ole' cash until the dust settles. Bitcoin could be about to drop sub 50k next.
Last: 0.047438
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This keeps going, interestingly #BTC has underperformed dramatically since the top.
snapshot
Very hard to pay up, but it is likely to go for longer, maybe 1 more week, maybe until the weekly trend expires by late May.
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Looks toppy now.
Trade ativo
snapshot

Short term swing pending here, red zone above is massive resistance, so I am cautious.
Comentário
In from 0.064154 here avg
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I didn't update this one but the trend here topped long ago, I did point out the May 17th expiration in ETHUSD as a big risk at the time.
Chart PatternsETHBTCFundamental AnalysiskeyhiddenlevelslabrietradingrgmovtimeatmodeTrend Analysis
IvanLabrie
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