This time Bitcoin will win on Ethereum

[tizianob]

The cross ETHBTC highlights the beginning of a trend by large investors that should lead the BTC to win on ETH.

The very large investors or institutional investors have already taken a position SHORT and it seems that their tendency is to increase the quantity.
Even large investors or professional investors are taking the same path and are in fact SHORT compared to ETH and LONG compared to BTC .

Market sentiment is definitely deteriorating.

I expect that in the coming weeks the price of the ETHBTC cross will start to fall more and more decisively.

This idea is confirmed by a previous analysis I made of the BTC in a clear improvement on the dollar.

https://www.elitetrader.com/et/threads/btcusd-is-close-to-a-good-climb.363892/

 

[Trader Curt]

That might be true for the short term. But we will see what happens long when ETH 2.0 comes out

 

[sebking1986]

That might be true for the short term. But we will see what happens long when ETH 2.0 comes out

Was thinking the same thing when looking at the chart. Think ETH may have reached a ceiling until they do with some much competition now and lower fees.

 

[unconventional wisdom]

The cross ETHBTC highlights the beginning of a trend by large investors that should lead the BTC to win on ETH.

The very large investors or institutional investors have already taken a position SHORT and it seems that their tendency is to increase the quantity.
Even large investors or professional investors are taking the same path and are in fact SHORT compared to ETH and LONG compared to BTC .

Market sentiment is definitely deteriorating.

I expect that in the coming weeks the price of the ETHBTC cross will start to fall more and more decisively.

This idea is confirmed by a previous analysis I made of the BTC in a clear improvement on the dollar.

https://www.elitetrader.com/et/threads/btcusd-is-close-to-a-good-climb.363892/

charts are funny. when i look at this i see ETHBTC trending upwards with higher lows and support around 0.06 (difficult to eye-ball). i'd expect ETHBTC to continue upwards next rather than breakdown out of this range.

 

[tizianob]

charts are funny. when i look at this i see ETHBTC trending upwards with higher lows and support around 0.06 (difficult to eye-ball). i'd expect ETHBTC to continue upwards next rather than breakdown out of this range.

no problem ... continue to buy eth vs btc. good luck

 

[tizianob]

Even private investors (green color) begin to reduce the LONG positions

In the next few days we should see the beginning of the descent, which in my opinion will be very long

 

[tizianob]

charts are funny. when i look at this i see ETHBTC trending upwards with higher lows and support around 0.06 (difficult to eye-ball). i'd expect ETHBTC to continue upwards next rather than breakdown out of this range.

You’re starting to see what I saw days ago with my "funny chart" ?

 

[unconventional wisdom]

You’re starting to see what I saw days ago with my "funny chart" ?

i didn't mean that your chart was funny - i simply meant that charts in general are funny in that different people see different things. Indeed, ETHBTC is continuing to trend downwards as you predicted. Any thoughts on why? I thought BTC would face headwinds with focus moving towards smart contract L1s.

 

[tizianob]

i didn't mean that your chart was funny - i simply meant that charts in general are funny in that different people see different things. Indeed, ETHBTC is continuing to trend downwards as you predicted. Any thoughts on why? I thought BTC would face headwinds with focus moving towards smart contract L1s.

depends on the positions of large investors as I told you in my previous post.
The central panel indicator "miracle viewer" serves precisely to identify the positions of large investors and then try to do analysis on large flows of capital. If the big ones sell the price drops

 

[unconventional wisdom]

depends on the positions of large investors as I told you in my previous post.
The central panel indicator "miracle viewer" serves precisely to identify the positions of large investors and then try to do analysis on large flows of capital. If the big ones sell the price drops

thanks for the clarification. taking a closer look i see that professionals, privates, and institutions all favor BTC over ETH. Besides the technicals, why? Why do you predict that this trend will continue for "very long"? I'm really interested and not trying to be facetious.