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An experienced trader, known for his accurate predictions, suggests that Ethereum (ETH) could outperform Bitcoin (BTC) in the long run. Dave the Wave, a pseudonymous analyst and trader, shared his insights with his followers on the social media platform X. According to Dave, when looking at the against (ETH/BTC) scenario, it may appear that lower highs and lower lows characterize the shorter-term trend. However, he emphasizes the importance of avoiding short-term hindsight bias. He explains that while it might seem like a sequence of lower highs, the longer timeframe holds more significance when predicting future price movements. He says speculation is about forecasting future price actions rather than simply describing recent past performances. Dave also points out that those who fall into hindsight bias often become armchair critics rather than active speculators. Dave the Wave goes on to analyze the multi-year timeframe, suggesting that ETH/BTC might be nearing the end of a significant wedge pattern. This hints at a potential upward breakout around the beginning of the next year. Regarding Bitcoin, Dave his own version of logarithmic growth curves (LGCs) to chart BTC’s long-term market cycle highs and lows while filtering out and noise. He asserts that, based on the LGC, Bitcoin is on track to outperform traditional assets like stock indices for at least another decade. In Dave’s view, the LGC chart suggests that Bitcoin will continue to experience growth for another decade before it reaches full maturity and aligns with more traditional investment options. Until that point, Bitcoin remains the primary avenue for wealth accumulation.
Read more: coinspress
