BitcoinLong
Expect ETHEREUM to start outperforming BITCOIN
On this analysis we compare Bitcoin's last two Cycles to Ethereum's.
The recent underperformance of ETH against BTC has got many worried but in our view, there is no reason for concern.
This 'lagging' is something ETH did on its previous Cycle as well. While Bitcoin already broke to a new ATH in December 2020, Ethereum was still significantly under it.
Once the break out happened, ETH outperformed BTC by double the rise to the Cycle's Top (+789% against +337%).
As Ethereum is once more lagging but it is holding its 1week MA50, we expect to start outperforming Bitcoin again, which is leading with a break out.
In our view the time to move to the 'undervalued' Ethereum is now.
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The recent underperformance of ETH against BTC has got many worried but in our view, there is no reason for concern.
This 'lagging' is something ETH did on its previous Cycle as well. While Bitcoin already broke to a new ATH in December 2020, Ethereum was still significantly under it.
Once the break out happened, ETH outperformed BTC by double the rise to the Cycle's Top (+789% against +337%).
As Ethereum is once more lagging but it is holding its 1week MA50, we expect to start outperforming Bitcoin again, which is leading with a break out.
In our view the time to move to the 'undervalued' Ethereum is now.
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.