Hypothesis: There will be a large movement in the BTC /ETH ratio.
Evidence:
1. Ratio has been in a bear trend since September 2019
2. Price is at middle bollinger Band
3. Price tested and is in the process of failing the 30% retracement level
4. Bearish divergence on the Squeeze Indicator
5. Bearish divergence on the Awesome Oscillator
6. Testing resistance lines from September 2019
Analysis: The ratio is in a critical spot right now. Either the resistance holds, following the bear trend and keeping ETH at or close to its all time highs, or it can break the trend, sending BTC on an unstoppable bull run
Outcome 1 (More Likely, Red Line)
1. The ratio drops, falling to the low 20s. That would imply either a BTC pullback, ETH squeeze, or some combination of the two. One other possibility would be that BTC is simply growing at a lower rate than ETH. Either way, bullish on ETH.
Outcome 2 (Less Likely,Green Line)
1. The ratio breaks the bear market, searing to the mid 30s. That would imply either a BTC squeeze, ETH pullack, or some combination of the two. Another possibility is that BTC is growing faster than ETH. Either way, bullish on BTC
