janjnv

ETHBTC Breakout and further upside

Long
BITTREX:ETHBTC   Ethereum / Bitcoin
Price highs already broke the resistance of the triangle, when we get a close above that ohlc 50MA it is pretty much a trend reversal and we can expect Ether to outperform bitcoin even by a double in the following months.

This is also backed by several fundamentals such as the imminent Metropolis update of the ethereum network as well as the fact that more and more investors are being made aware of the superiority of ethereum's network in regards to scalability, transaction costs and capacity. I am not going into details of ether's advantages as this was already very well covered in several posts recently, but we can easily deduct that ethereum will outperform bitcoin by several orders of magnitude in the following months and could surpass BTC by market cap very soon.

Disclaimer: These are my personal opinions and NOT a professional trading advice, please do your own research before risking any capital.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.