Copied the bars from the 2017 bull market and put it on top of the curreny (potential) bottom in 2022 in case it plays out identically (It has several similaries so far with the breaking of the red trendline for example) and i believe around 0.16 is where ETH market cap flips BTC. This will generate lots of headlines and fomo i believe. Flippening narratives are strong. They generate alot of Fomo.
Kommentera:
Also interesting to look at the volume * vwap indicator which is basically Volume in BTC. notice that there is no crazy amounts of volume yet, which means that the pair is relatively dormant right now except you can see its starting to ramp up a little. So another potential data point supporting the idea of a big rally soon. But lets see.