We can see clearly that ETH/BTC is on an uptrend, and we don't expect this to end before another high. However, we have found a level that we expect to find a strong resistance and probably a local top at. This is because we see a High Volume Node on the price chart which means many sellers are waiting at this level from last cycle.
Our plan for trading this chart over the next weeks is to underexpose to ETH and overexpose to BTC.
Our plan for trading this chart over the next weeks is to underexpose to ETH and overexpose to BTC.
Comment:
It couldn't get any better than this folks. We went up to the resistance and printed a head and shoulders pattern with the head popping just above the resistance to trap some longs. Looks like a messy correction is just about upon us.
