Intraday Market Thoughts
View Latest IMT | Archives Calendar | Titles by Month

Ethereum & 477 Day Cycle

by Ashraf Laidi
Nov 6, 2023 12:19

Is it time for Ethereum to shine? We've all seen Bitcoin dominance hitting nearly 60%, while altcoins remained in the dark. But take a look at ETH/BTC, possibly putting in a bottom, coinciding with a 477-day cycle. And while BTC has already reached its inv H&S target of $35000, hitting new highs for the year, ETH remains below its year's high of $2160. Does the cycle analysis imply more upside in ETH relative to BTC? See for yourself.  By the way, that Bitcoin/Gold ratio is now fast approaching 18 (that is well above the 16 explained here)

Click To Enlarge
Ethereum & 477 Day Cycle - Ethereum Bitcoin Nov 6 2023 (Chart 1)

 
Previous Next Archives
 

Latest IMTs