#vela (0.61) The trendline that ETH/BTC has been following for over 7 years will finally break, and not much has happened compared to $BTC .
I think the profit and loss ratio here is very good.
Altcoins will go higher, the fury of altcoins
Parabola before halving
While many expect the price to pull back further ahead of the next halving on April 24, I think a significant increase is more likely.
In contrast to previous bear market recoveries, the price is already in a position to flip the green band to support after being rejected at the 0.786 line. Immediately after the first 3 tests, the parabolic move begins.
Due to diminishing returns, the price will most likely reach around $200,000 before the halving. Especially now that stocks are already printing ATH on a daily basis, the market is really shifting towards risk appetite, which has always been positive for cryptocurrencies. A break above the $50,700 mark is likely to activate the strongest phase within the parabola.
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While many expect the price to pull back further ahead of the next halving on April 24, I think a significant increase is more likely.
In contrast to previous bear market recoveries, the price is already in a position to flip the green band to support after being rejected at the 0.786 line. Immediately after the first 3 tests, the parabolic move begins.
Due to diminishing returns, the price will most likely reach around $200,000 before the halving. Especially now that stocks are already printing ATH on a daily basis, the market is really shifting towards risk appetite, which has always been positive for cryptocurrencies. A break above the $50,700 mark is likely to activate the strongest phase within the parabola.
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BTC
94,851.54
+1.69%