ETH-BTC - Golden Cross , Bearish Fractal Breakout

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I told you in my recently BTC-USDT T.A that we are going down because of a Head and Shoulder confirmation similar to the one that happened before the Covid mega dump.

ETH is a good altcoin that have plenty volume and the chart looks really good, using the Simple Moving Average (10) and (20) in the 4 hours chart (1 hour also) we can see that the pair ETH-BTC have a golden cross and a breakout from a bearish fractal (bias). I think that we can take a ride in this bullish train with a limited BTC balance (I am now using 20% of my total balance) because the BTC drop is imminent.

Set Stop loss just below the last drop (0.022426 sats in Binance) to be safe. If I identify a Death Cross I will update indicating the time to sell. Nonetheless, if you keep counting the lower-highs you could make profit setting stop-losses while enjoying the ride.

This T.A will be invalidated below Stop Loss or with a confirmed SMA Death Cross.


This is not financial Advice.

Comment:

UPDATE: ETH is still above the first lower high (0.022877) , it needs to break the blue line to be at the full bullish side again.
I think we will see a bull run when bitcoin/usdt finds a support.

Trade closed: target reached:

BOOM , up! Took profit :)

Let wait, if BTC drops ETH will drop a little further and if BTC goes up and breaks its bearish fractal, ETH will go faar up .

For now I sold because the BTC chart is still bearish.

Trade active:

Back again, BTC is exploding so I think will ETH more.
Target: 0.025599
Stop loss: Blue line (est. 0.023160)

Order cancelled:

This T.A was made before the BTC bullrun, Ive already took profit before it.

See my new chart about BTC Dominance and why you should dump your alts in favor of BTC: