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Technical analysis on Ethereum against Bitcoin

BITFINEX:ETHBTC   以太坊 / 比特幣
Looking at a longer term perspective, through the use of a Day chart instead of hourly or minutes chart, we can see that ethereum is appreciating against bitcoin . The consecutive green candles together with the candles approaching the 20 days EMA are a sign of strong bullishness and I feel it will continue for awhile. There might be some retracement here and there, but I think ethereum will gain strength against BTC . Continue holding 50/50 Ethereum and Bitcoin because I feel that although ethereum will do fairly well against BTC in the long run, in these period within 1-2 months, I feel BTC might appreciate more because of how the news are stacked BTC . Either way, ETH is still my favourite long hold coin and I'm always having 50% of my portfolio in Ethereum . The idea of 50/50 is to diversify your portfolio and reduce overall risks.
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