Every year since 2015 ETHBTC was at a relative buy point around winter time - mostly in December. It's a strange cyclical pattern that keeps repeating for mysterious reasons. This year, I would argue, the ETHBTC ratio has the HIGHEST PROBABILITY of repeating this pattern of any other year in its history. I make this statement entirely based on technicals.
- We have a 5 year trendline supporting price
- Horizontal support from 2016
- Consistent cyclical tendency for the last 5 years
- ETH 2.0 (for me this is the least important, believe it or not... even if it may be the entire reason we could see a rally)
The first time I noticed this seasonal pattern was in November 2017. I converted all of my Bitcoin into Ethereum the same time I published the chart below:
In August this year, I published my view on Grayscale Trust's product, ETHE. You could find it here:
- We have a 5 year trendline supporting price
- Horizontal support from 2016
- Consistent cyclical tendency for the last 5 years
- ETH 2.0 (for me this is the least important, believe it or not... even if it may be the entire reason we could see a rally)
The first time I noticed this seasonal pattern was in November 2017. I converted all of my Bitcoin into Ethereum the same time I published the chart below:
In August this year, I published my view on Grayscale Trust's product, ETHE. You could find it here:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.