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koryu

eth breakout from asc triangle bottom

Long
Bitcoin (KRAKEN:BTCUSD)  
koryu Updated   
KRAKEN:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Triangle
4
0
trendanalysis chartpattern triangle
The current ETHUSD weekly is very similar to the BTCUSD daily from the beginning of 2019.
It is likely to follow BTC. Fees on ETH are rising, which creates a positive feedback loop as staking revenue increases.
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also compare with the sol reversal
snapshot
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ethbtc shows some rebound signals
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approval of btc etfs means higher chance for eth etf approval in may/june. so it's likely that the market will price that in now.
Comment:
BTC Dominance had a bear div and a lower high with rsi bear div trendline rejection, indicating momentum shift towards altcoins. Could form a head and shoulders top next. Watching.
snapshot
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