In Theory, also using BTC Dominance chart to support this. Eth looks as though it has had 3 waves up, and seeing if it has peaked against BTC, looking to confirm with a move down below 0.04000 to confirm megaphone pattern on the pair.
Will consider starting a pattern of converting back into ETH mid-way through the megaphone, or lower if it is offered. Have been converting from ETH to BTC all the way up, sold as much ETH as I care to at this point, core position still has plenty in the bag to spare.
Will consider starting a pattern of converting back into ETH mid-way through the megaphone, or lower if it is offered. Have been converting from ETH to BTC all the way up, sold as much ETH as I care to at this point, core position still has plenty in the bag to spare.
Comment:
BTC dominance is at a .618 retrace from high, could be a decent bounce from here, on a counter trend trade.
Comment:
Also a Possible Double Top
Comment:
> BTC the elephant in the atlseason room
Order cancelled:
I give up...going to probably ignore it and then forget about it for 3 months and miss the reversal.
Trade active:
Oddly enough, sold just a bit more on that last high (give or take 150-250) sats...blow off top confirmed, we may see more downside on ETH/BTC which might lead to even more favourable exchange conditions...Bottom of the BB band targeted and using BTC dominance as another leading indicator.