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.
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