ETHBTC is forming a longterm pattern indicating reversal.
A bullflag was formed which price broke to the upside.
Price is currently retesting this on lower timeframes.
Earlier a triangular breakout to the upside happened indicating bulls are in control.
ETHBTC in logarithmic perspective shows a possible logarithmic breakout happening soon. (See below)
Strong trend indicating upwards price movement.
If this doesn't scream reversal in means, I don't know what will!
ETHBTC has been in a market for a very long time since the beginning of 2018.
Multiple indications are leading to the very start off a bullrun.
BTC losing dominance and pace might be hinting at the start of altseason.
Price needs to break Target 1 and retest this level to confirm the pattern, this would be the best scenario.
Here you can see price is testing the very well on 4H TF:
Here you can see my analysis on a possible huge logarithmic breakout coming up on ETHBTC:
BTCUSD might start to correct soon since a pattern is becoming more visible:
Pattern not yet valid until close under neckline!