RATE Group | Indicator That Signaled 4,593% Bitcoin (BTC) Rally Now Flashing – But This Time Ethereum…
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Indicator That Signaled 4,593% Bitcoin (BTC) Rally Now Flashing – But This Time Ethereum…

23 Feb Indicator That Signaled 4,593% Bitcoin (BTC) Rally Now Flashing – But This Time Ethereum…

Posted at 09:44h in Bitcoin News by

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A signal that flashed at the start of a historic 4,593% Bitcoin (BTC) rally is back, but this time it’s happening to the second-largest cryptocurrency by market cap, Ethereum (ETH).

A trader known in the industry as Alunaut tells 68,000 followers on Twitter that the price of ETH has crossed above the Ichimoku Cloud.

The cloud, also known as the Ichimoku Kinko Hyo, is a mashup of several indicators that identify levels of support and resistance, track momentum and spot potential trend shifts.

The same indicator flashed green for BTC in April of 2016, ahead of its long-term move from about $430 to an all-time high of $20,089.

However, in the highly volatile world of crypto, Bitcoin remains king, and the direction it takes will likely determine where the market at large is ultimately heading.

To that…

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