ETHBTC has been tracking very closely the Wyckoff Distribution Schematic.
Notice that UTAD is the highest level, if that is not surpassed, their could be a dominance drop in ETH.
What could cause this ETH dominance drop? Well BTC would either have to pump hard or dump hard to complete the distribution pattern.
Be mindful on ETH trades if ETHBTC begin to peak here.
Good Luck
Notice that UTAD is the highest level, if that is not surpassed, their could be a dominance drop in ETH.
What could cause this ETH dominance drop? Well BTC would either have to pump hard or dump hard to complete the distribution pattern.
Be mindful on ETH trades if ETHBTC begin to peak here.
Good Luck
Comment:
Within Phase D on daily the 2 hour is completing another distribution top.
