Ethereum vs Bitcoin by Rocket Bomb ๐
Hello, friends! ๐Today we're looking at the Ethereum to Bitcoin chart!
As everyone knows, the Ethereum to Bitcoin price indicates how many Bitcoin units are needed to buy one unit of Ethereum. That's an important metric for traders and investors as it reflects the relative strength or weakness of Ethereum compared to Bitcoin in the market.
๐Keeping an eye on this price is useful for making decisions about trading or investing, considering the dynamics of the two largest cryptocurrencies.๐ฅ
Today, I've prepared a weekly chart for You to examine the medium to long-term perspective! ๐กOn the chart, You can see a large number of falling wedges (also known as descending wedges) - a pattern, that signals an upcoming bullish impulse,๐ which has always happened after the wedges in the history of this pair.
The wedges, that I colored in pink ๐ฉท had the same slope and consequently the same percentage growth when exiting the wedge, which was about 1000%.
Over time, the cryptocurrency market has gained immense popularity, and the market has become more "weighty," slowing down growth slightly and reducing it in percentage terms!
In 2021 (the wedge became less acute, and growth was about 250%), I colored the wedge in brown ๐ค for clarity!
As for the potential in the coming years, 250% is quite a realistic indicator - but it's too early to talk about it.๐คซ
๐ปIn the medium-term perspective, we can also see a slight decline in price - and the completion of the wedge formation, followed by a phase of active growth.๐
You can see the levels for the medium-term perspective on the chart.๐งIt's better to make purchases on price pullbacks, so keep an eye on that!๐
Thank's for Your attention, I hope the information was useful to You. If yes, click ๐ and subscribe so You don't get lost!๐ซถ
Always sincerely Yours,
Kateryna๐๐
As everyone knows, the Ethereum to Bitcoin price indicates how many Bitcoin units are needed to buy one unit of Ethereum. That's an important metric for traders and investors as it reflects the relative strength or weakness of Ethereum compared to Bitcoin in the market.
๐Keeping an eye on this price is useful for making decisions about trading or investing, considering the dynamics of the two largest cryptocurrencies.๐ฅ
Today, I've prepared a weekly chart for You to examine the medium to long-term perspective! ๐กOn the chart, You can see a large number of falling wedges (also known as descending wedges) - a pattern, that signals an upcoming bullish impulse,๐ which has always happened after the wedges in the history of this pair.
The wedges, that I colored in pink ๐ฉท had the same slope and consequently the same percentage growth when exiting the wedge, which was about 1000%.
Over time, the cryptocurrency market has gained immense popularity, and the market has become more "weighty," slowing down growth slightly and reducing it in percentage terms!
In 2021 (the wedge became less acute, and growth was about 250%), I colored the wedge in brown ๐ค for clarity!
As for the potential in the coming years, 250% is quite a realistic indicator - but it's too early to talk about it.๐คซ
๐ปIn the medium-term perspective, we can also see a slight decline in price - and the completion of the wedge formation, followed by a phase of active growth.๐
You can see the levels for the medium-term perspective on the chart.๐งIt's better to make purchases on price pullbacks, so keep an eye on that!๐
Thank's for Your attention, I hope the information was useful to You. If yes, click ๐ and subscribe so You don't get lost!๐ซถ
Always sincerely Yours,
Kateryna๐๐
์กํฐ๋ธ ํธ๋ ์ด๋
์กํฐ๋ธ ํธ๋ ์ด๋
Write me if You need my support or wanna trade together ๐๐ป
Join me in๐๐ป:
๐๐ฃ t.me/+aAADzO1OqsQ2MGI0
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Join me in๐๐ป:
๐๐ฃ t.me/+aAADzO1OqsQ2MGI0
๐ฐ I'm using Bybit and I highly recommend it to You. By using my link - You'll get a nice bonus
www.bybit.com/invite?ref=7X0W2A
The price continue declining๐ป