Why have we migrated our position from BTC to ETH?
In the past weeks we have migrated our Bitcoin position to ETH and other altcoins. The reason for this is based on crypto market cycle theory. Historic data shows how BTC leads the market before experiencing altcoin growth and eventually a full blown altcoin season.
An important indicator for navigating where we are in the cycle is the ETH / BTC graph. At the moment ETH is at historic low valuations in relation to BTC. At the moment it is retesting for a second time the 0.032 - 0.034 BTC range (as can be seen in the attached image), which is a strong indicator that a Ethereum rally will take place in the next couple of weeks. 🚀
This rally will mean that ETH will outperform BTC in the coming months, which will further pushdown the Bitcoin dominance. As a result our BTC position is fully transitioned to top large cap altcoins.
