The ether bitcoin ration is about to flash death cross, which occurs when a short-term moving average drops below the long-term moving average, signaling potential long-term bearish shifts in momentum.The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Alt coin bulls beware. The either Bitcoin ratio is about to flash death cross.
The ratio's 50 week simple moving average appears on track to cross below the 200 week S ma according to platform trading view, the impending death cross signals risk aversion or prolonged underperformance of Ether and other alt coins relative to Bitcoin. Since 2017, the crypto market has oscillated between Bitcoin led regimes and alt coin led regimes. Alt coin leadership has been characterized by a rising E BT C ratio.
Source: Digital Coin News (digitalcoinnews.net)
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