$ETHBTC: Seeing lots of $ETH maxi capitulation starting to happen over CT, this is exactly what I want to see heading into EOY so we have a chance of bottoming. We made a new low today and it seems like the downtrend has accelerated in the last few months.
I believe we'll end up bottoming in the green box as opposed to reaching the blue one so I am starting to shift my bearish stance on eth going into EOY relative to btc.
If btc makes an ath run, it would outperform eth and if btc rejects and we go back down eth should also outperform to the downside, bringing this ratio down lower.
Only once CT thinks eth is truly dead and the maxis have capitulated will it be able to do well. Hoping for a fun Q4 where btc makes aths and allows us to buy eth even cheaper than it is now