ETH/BTC ratio signalizes 'Alt Season' soon
Many see this ETH/BTC price ratio as the ignition for the Alt Season
Price is flerting with a long multi-year resistence, since 2021! A strong break out here will signal the so waited Alt Season, but first there must be a retest of the lowest purple line, the Beam Band bottom line
Also here, we are still waiting for a local bottom blue tag from Hodlfire indicator
As another indicator to watch is the bottom panel indicator, the Detornator C, as it is still red, almost crossing the zero line
So... 3 points of confirmation of Alt Season:
1- Retest of bottom Beam Band line
2- Hodlfire buy tag
3- Detonator C above zero line
What is interesting here, is that the upper Beam Band coincides with the target of the Cup & Handle formation when ETH/BTC price will reach a staggering 0.735 ETH for each BTC! If this ratio would be today, ETH price would be 45k!
Time will tell!
Price is flerting with a long multi-year resistence, since 2021! A strong break out here will signal the so waited Alt Season, but first there must be a retest of the lowest purple line, the Beam Band bottom line
Also here, we are still waiting for a local bottom blue tag from Hodlfire indicator
As another indicator to watch is the bottom panel indicator, the Detornator C, as it is still red, almost crossing the zero line
So... 3 points of confirmation of Alt Season:
1- Retest of bottom Beam Band line
2- Hodlfire buy tag
3- Detonator C above zero line
What is interesting here, is that the upper Beam Band coincides with the target of the Cup & Handle formation when ETH/BTC price will reach a staggering 0.735 ETH for each BTC! If this ratio would be today, ETH price would be 45k!
Time will tell!
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