After 1,000 days below resistance, there was a breakout above key levels for ETH against BTC. This should move pretty quickly over the next few months up to my target profit area around ~0.07 BTC, where there is a measured move and several lines of resistance creating an area of confluence.
If the daily candle can close above the falling wedge pattern and continue to close above the EMAs, we should see a nice swing trade over the next few weeks to months until the gap is filled between 85 and 90.
Depending on the strength of the upcoming earnings, will determine how quickly this pans out.
Great trade setup
Fractal playing out that projects BTC to $250k sometime between April and June of 2021.
I believe all markets are headed for a bubble and the fall of BTC mid year will coincide with a larger bubble bursting.
I believe there will be comparisons drawn to the .com bubble bust from the late 1990s.
Afterall, bitcoin is the foundation of .com 2.0