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Michaël van de Poppe
@CryptoMichNL
CIO & Founder @MNFund_ and @MNCapital_vc | Host of @new_era_finance | Macro-Economics, Value Based Investing & Trading | Crypto & Bitcoin Enthusiast
参加 May 2010
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$ETH vs. $BTC is about to break a 4-year long downtrend. The main reason for this is Copper vs. Gold. That one broke a 4-year downtrend earlier in February, and as #Crypto# takes some time to catch up with the other markets, it's likely going to happen that $ETH vs. $BTC will breakout from here. The reason I'm referring to this chart is the fact that I'm looking at MA's on the weekly timeframe. - Copper vs. Gold has been downtrending for four years and has been breaking above it recently. The reason that #Altcoins# have suffered for so long hasn't got much to do with crypto as a whole, mostly it has something to do with the macroeconomic playing field. It's been absolutely terrible and as the business cycle starts to pick up, it's time to be longing into riskier assets like #Crypto#. - $ETH vs. $BTC on the weekly timeframe has been downtrending for four years straight. It hasn't been breaking out of the downtrend as of yet, but it's a matter of time. The primary reason for that is that the markets are lagging behind on Copper/Gold. Everytime Copper vs. Gold have seen a bottom and start breaking their trend into an upwards trend, it's taking 3-6 months before $ETH vs. $BTC follows through. As this breakout on Copper vs. Gold has already been happening in Q1 of this year, it's simply a matter of weeks until Ethereum will do the exact same, dragging the markets for #Crypto# further upwards.
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