Don't Ignore This Chart!

Bitcoin vs. Ethereum: It's An Easy Choice

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As technicians, what do we care about? The charts, right? Well, when I look at the charts of Bitcoin ($BTCUSD) and Ethereum ($ETHUSD), the choice between the two is relatively simple. The charts tells us everything, and this one simple price-relative chart says to go with Ethereum until further notice:

We just saw another relative breakdown in Bitcoin. It's now been underperforming Ethereum since printing a relative top in the summer of 2019. That's more 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 company 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 contributed technical expertise here at StockCharts.com since 2006 and has a fundamental background in public accounting as well, blending a unique skill set to approach the U.S. stock market. Learn More
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