Trading is a game of risk management.... and lots of patience.
The low time-frames are compelling because we have the instant gratification (or despair) of seeing our positions win or lose.
Higher time-frames visible change much more slowly. Days ago we alerted you to ETHBTC reaching near the top of a trading channel (as shown in pink). The picture still looks the same. The price structure does not suggest a decision in the market yet. Up or down. Fast or slow. So we wait... patiently, observing, checking different indicators, considering scenarios.. and yes, checking lower time-frames for clues of momentum.
The scenario remains... a drop of 14% from current price ratio down to the significant horizontal (shown white) to re-load Ethereum for a continued bull run against Bitcoin in the coming weeks.
Why are Ethereum and Bitcoin significant, even when altcoins show higher price volatility? Because the rest of the market is very much influenced by the big Gorilla's in the room.
If only there was a platform to help navigation the volatility with proven fully backtested signals?
:)
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
The low time-frames are compelling because we have the instant gratification (or despair) of seeing our positions win or lose.
Higher time-frames visible change much more slowly. Days ago we alerted you to ETHBTC reaching near the top of a trading channel (as shown in pink). The picture still looks the same. The price structure does not suggest a decision in the market yet. Up or down. Fast or slow. So we wait... patiently, observing, checking different indicators, considering scenarios.. and yes, checking lower time-frames for clues of momentum.
The scenario remains... a drop of 14% from current price ratio down to the significant horizontal (shown white) to re-load Ethereum for a continued bull run against Bitcoin in the coming weeks.
Why are Ethereum and Bitcoin significant, even when altcoins show higher price volatility? Because the rest of the market is very much influenced by the big Gorilla's in the room.
If only there was a platform to help navigation the volatility with proven fully backtested signals?
:)
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
