ETHBTC is performing a +/- 280 days accumulation phase so far. Worth to keep an eye on. You can start nibbling for DCA; dollar cost average ( allocate small % of profits to buy ETHBTC on spot )
For leverage/ short term traders: Safest entry is a reclaim of 0.035259 ( binance chart as reference; on bitmex , substract the price difference from eachother and you get your entry price)
This is a GREAT indicator that IF BTC is done correcting, observe alt/eth pairs to get the best performance alts. In the bullrun, ETH will outgrow BTC hard in % growth.
I will start looking to position a leveraged position on ETH when btc is done correcting.
How to spot?
- keep track on BTCUSD chart - keep track on ETHBTC chart —» once ETHBTC got a volume injection IF the 'test' took place ( see chart), we got our confirmation.