ETH/BTC Looking Bullish! Alt Szn incoming?

KUCOIN:ETHBTC   Ethereum / Bitcoin
ETH is at local resistance + a high volume node, trying to break out and confirm an Adam & Eve bottoming pattern and continue it's macro uptrend. If it breaks above this area, there is lower volume above which means it will face less resistance if/when it moves towards the upper trend line. We're also seeing increasign volume on increasing price - also bullish.

ETH/BTC chart is important, not just so you can balance your long-term portfolio towards whichever is outperforming,
but also because ETH/BTC is a powerful indicator for the strength of Altcoins, in general. When ETH rallies (and BTC.D falls), alt season is on-- so don't focus solely on ETH; there will likely be other coins & small caps that outperform it in these mini alt cycles, if you know where to look.

It's hard to ignore the doom and gloom of macroeconomic factors that have beaten down the markets recently, and those of us who have been around since 2017 may be suffering some PTSD from the hopium rallies at the start of the long bear market, but there's good reason to believe we wont see such a long/devastating bear market again. Nobody knows, so try to focus on the PA.
Charts are looking bullish, so maybe it's time to be bullish. Even if it's short term, there's lots of good trading that can be done in these mini cycles. just keep stops in place and don't get rekt.

happy trades


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