Short BTC, long ETH

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin can't make it past its high before the recent drop .
At same time, eth will form a double bottom .
since btc is very likely fail to get past 424. xx , it will drop below ~410 and therefore ETH seems a good hedge for now.

SL on both trades, can be placed above 424. xx (high before drop ) and on the eth side slightly below 0.020.
Good entry positions with good tight SL.


and the ETH chart for completion
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