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Ethereum / Bitcoin
Long

Arbitrum and Optimism are becoming very interesting.

59
According to previous cycles, when Bitcoin dominance peaks, Ethereum rises. Arguably, we are there, or about to be, and that made me focus on its ecosystem.
Two of its most known layers 2 are Optimism and Arbitrum, and I want to bring to your attention their charts against BTC.
Optimism is breaking out of a descending wedge, and its target is about 5200 sats, which is in fact a previous support/resistance. Volume is confirming the breakout, and we got a narrative on ETH.
snapshot
Arbitrum is also breaking out of the same figure, whose target is about 1200 sats. Volume is increasing lately as well.
snapshot

I'm already posicioned, but in case there is a retracement I'd ancourage you to take a closer look to an entry.
JeSuns-
Also on:
arbitrumbitcoindominanceEthereum (Cryptocurrency)Fundamental AnalysisGrowthlayer2optimismWedge

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
arbitrumbitcoindominanceEthereum (Cryptocurrency)Fundamental AnalysisGrowthlayer2optimismWedge
JeSuns-
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.