For the bullish
chart, we switch to the log scale and can see the ETH/BTC
ratio is now repeating the pattern from March/April of 2017 within the yellow circle but on a slightly larger scale. If this pattern is going to repeat itself, the ratio should be nearing a bottom within the next day or two creating a buy opportunity. It will be followed by either a reversal in the up direction, or a bit of sideways movement before beginning to climb (see the orange line). Ignore the blue line for now as it is part of the bearish
case I've linked to below.
Whether the bullish
case scenario plays out will heavily depend upon bitcoin's choice of direction in the next few days.
Arbee successfully called the reversal around 0.025 ETH/BTC
in early Dec 2017. His chart here:
Also, see my Bearish