Just crossed with this Catalina Castro Tweet talking about a metric that just happened in ETH/BTC chart
As you can see in the chart above, for the second time in history, the monthly MACD on ETH/BTC has just flashed a buy signal.
For those who dont know what MACD is and dont do TA a lot, MACD (Moving Average Convergence Divergence) is an indicator that tell us the strength and direction of a trend. In this case, when it flashes on a monthly chart, it is not an average signal. According to the data, the last time this happened with Ethereum vs Bitcoin was years ago and the outcome as you can imagine was wild. ETH outperformed BTC by over +300% in just 395 days.
This metric can be seen as a strong confirmation that Ethereum could be entering a new phase of outperformance against Bitcoin exactly when the market is looking for the next big winner of the cycle.
Furthermore, cut rates are coming and Ethereum adoption keeps increasing in crazy levels, however I believe that this coming rally is not going to be the end rally. I think the cycles have been extended and that something different will happen this time in a delayed way. However, act according to your own goals and if your goals are reached, dont hesitate on taking some profits because your plans says so.
What do you think is happening next?
Source:
ETH/BTC Monthly MACD Flashes Buy Signal for the 2nd Time in History – Last Time ETH Outperformed BTC by +300% in 395 Days. Are We Entering a New Cycle of Ethereum Dominance?
byu/kirtash93 inethtrader
Posted by kirtash93
6 Comments
[deleted]
This month has been tipped to be accumulation month while upward movement begins in October, it’s left to be seen what the market will choose to do. This has been a very strange bull run year 😞
!tip 1
If history plays out again, a +690% move could be in sight.
Let’s go!
^(!tip 1)
It could be something yeah. Especially with the outperformance in one year. Normally September is calmer and something tells me October will be an accumulation month which is good for us long-term holders. I believe ETH has a lot to give this year still!!
^(!tip 1)
Catalina is a scammer, I know her. Don’t believe anything she says.
Slowly added a bit to the ETH wallet myself!
!tip 1