ETH/BTC could be bottoming out and setting up for a huge run

Long

Ethereum / Bitcoin (BINANCE:ETHBTC)

Updated

BINANCE:ETHBTC Ethereum / Bitcoin

The ETH/BTC price is following a very structured path. It bottoms before the bitcoin halving and then goes on a bull run. It's also formed a triangle which could now be tested on the downside. If it bounces it could lead to a very strong rally. The monthly stoch RSI is also in a bottoming formation.

Comment:

So far so good. ETH/BTC has entered the green channel where I'm looking for it to bounce. It's currently oversold (RSI) on all time frames.

Comment:

Also the sentiment for ETH vs BTC seems to be rock bottom. Hard to find any bulls atm. Everyone expecting btc to keep outperforming. This is telling me something.

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