Ethereum to Bitcoin chart in uptrend

To analyze the ETH vs. BTC chart, I'm again using the Fibonacci function along with the Elliott Wave principle. The message of the chart is actually very simple: If the ETH vs. BTC chart rises, the altcoins rise in parallel. The chart image shows the weekly chart, which impulsively dropped to the FIb extension area (1.618) and experienced a fantastic bounce. This bounce was also reflected in the altcoin pump. The colored lines indicate the Fib retracement (correction level), starting with the green line of the 0.236 Fib, followed by the 0.382 Fib, 0.5 Fib, 0.559 Fib, 0.618 Fib, and the 0.667 Fib in red. According to the system, a correction from the 0.5 Fib to the 0.667 Fib can be expected. A rising trend from the 0.236 Fib (green line) will trigger an altcoin rally (not a season), which will continue until the 0.5 Fib. There will be a reaction there that will cause the price to fall again (a minor correction). Following this, I expect an impulsive rise above the 0.667 Fib (red line) – a retest of these lines, and only then will the altcoin season truly begin with an impulsive parabolic rise. Please also check out my other idea on BTC dominance. Happy Profits.