kpandrei

ETHBTC ready to FALL. No ALT SEASON yet

Short
BINANCE:ETHBTC   Ethereum / Bitcoin
1. ETH/BTC has broken the trend line.
2.BTC halving is approaching => liquidity from ETH and alts is shifting into BTC (as seen in previous cycles as well).
3. Support for ETH/BTC lies in the range 0.35 - 0.405 (the red zone).
4. After a consolidation period in the marked red zone, ETH is most likely to appreciate against BTC.
5. Only then can we talk about an ALTSEASON.

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