🔥 ETH/BTC Break Out: Return Of The Bull-Cycle?
Today, ETH/BTC had a very good day. First of all, ETH gained substantial ground against Bitcoin, making ETH more valuable and desirable in the process. Second, and most importantly, ETH/BTC has broken out of the downtrend in which it has been trading since early December.
Ethereum is a more 'risky' asset than Bitcoin. If ETH gains against BTC, that means that investors become more risk-seeking. When investors are willing to take on more risk, this is always good for alts and the market overall.
Therefore, this break out might be the start of a new bullish (recovery) phase for altcoins.
What do you think?
Ethereum is a more 'risky' asset than Bitcoin. If ETH gains against BTC, that means that investors become more risk-seeking. When investors are willing to take on more risk, this is always good for alts and the market overall.
Therefore, this break out might be the start of a new bullish (recovery) phase for altcoins.
What do you think?
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publications connexes
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.