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Bitcoin vs. Etherium: It’s An Easy Choice

As technicians, what do we superintendency about? The charts, right? Well, when I squint at the charts of bitcoin ($BTCUSD) and etherium ($ETHUSD), the nomination between the two is relatively simple. The charts tells us everything and this one simple price-relative orchestration says to go with etherium until remoter notice:

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We just saw flipside relative dispersal in bitcoin. It’s now been underperforming etherium since printing a relative top in the summer of 2019. That’s increasingly than two years and counting.

Until this relative trend changes, go with what’s working.

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Happy trading!

Tom Bowley, Chief Market Strategist, EarningsBeats.com

Tom Bowley

About the author:
is the Chief Market Strategist of EarningsBeats.com, a visitor providing a research and educational platform for both investment professionals and individual investors. Tom writes a comprehensive Daily Market Report (DMR), providing guidance to EB.com members every day that the stock market is open. Tom has unsalaried technical expertise here at StockCharts.com since 2006 and has a fundamental preliminaries in public written as well, blending a unique skill set to tideway the U.S. stock market.

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