$ETHBTC: Ethereum trending down vs BTC

Looks like Ethereum has a lot of downside potential in the ratio vs Bitcoin here...
It's been underperforming massively for a good while, ever since it peaked back in 2021, after the 'deflationary asset' bubble combined with NFTs and whatnot, it:

1. broke under the uptrend inside trendline (a less obvious support level you obtain from plotting a trend line from the lowest high of each swing).
   
2. Failed to break over the down trend speed line (starting from the very top in the ratio in 2018, down to the bottom in 2019, you plot a line that represents 50% of the progress made in that time, and 25% of it, and extend it in time like a 'ray')
   
3. Triggered a Time@Mode down trend signal in long term charts.
   

The down trend signal points to a substantial decline in the coming 16 months.
I'd brace for impact and stay on the sidelines, or short it vs Bitcoin if possible. As long as rates don't make it costly to hold, it will pay off. (if not stopped)

Best of luck!

Cheers,

Ivan Labrie.

交易進行:

Trade signal triggered...

評論:

This weekly bar looks ominous, very weak action in Ethereum vs Bitcoin.

I think the trend is likely to pan out.

評論:

This seems to be on track...

評論:

Ouch...

評論:

So far, so good...

Now ETHUSDT does have a bullish trend going though. Perhaps ok to take profits and buy some Ethereum if you want exposure to it.

Else just hold spot Bitcoin while the long term trend is active and you're good to go. It really comes down to personal preference, whether you want to trade altcoins with part of your crypto funds or not. I suggest that if you do want to do that, set aside some % of cash that you use for that purpose, to follow my trading signals ideas for example. Else merely use all your capital to trade Bitcoin trends and you're golden.