I think the monthly downtrend might end up failing to reach its target, if 
ETHBTC holds over 0.0213 it may go up rapidly in the next 13 days.
If it does, it could retest the monthly downtrend invalidation level, before the ratio has a chance to reach the bearish long term target I had outlined before. In that event,ETHUSD may start to outperform BTCUSD as both start to trend up once again.
Best of luck,
Ivan Labrie.
ETHBTC holds over 0.0213 it may go up rapidly in the next 13 days.If it does, it could retest the monthly downtrend invalidation level, before the ratio has a chance to reach the bearish long term target I had outlined before. In that event,
ETHUSD may start to outperform BTCUSD as both start to trend up once again.Best of luck,
Ivan Labrie.
Note
#ETHBTC chart shows strength here, it seems the trend is likely to turn up as I expected: Trade closed manually
We had sold ETH back to BTC a couple days after this publication came out, it stopped accelerating, showing weakness of buyers, since there was not a strong enough follow through after the big initial jump in the ratio.Now it is poised to fall even lower in the ratio, as
ETHUSD remains weak.
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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.