btc and etherium both forming wedges around 8450 & 700 respectively, ETH/BTC strugglying to pass 38.1 fibb.. ratio of longs to shorts as increased since they were equal a few weeks back..
BTCUSDETHUSDETHBTC
Comment:
ETHUSD, BTCUSD & ETHBTC all breaking out at the same time..
SIGNALS:
if ETHUSD & BTCUSD break in the same direction the breaking on the ETHBTC chart will indicate which of the two is going to move at a faster rate, thus which one would be more profitable to short or long (depending on the direction of the break)
if ETHUSD & BTCUSD breaking OPPOSITE directions - I personally will mostly be looking to trade the ETHBTC chart on margin
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SIGNALS:
if ETHUSD & BTCUSD break in the same direction the breaking on the ETHBTC chart will indicate which of the two is going to move at a faster rate, thus which one would be more profitable to short or long (depending on the direction of the break)
if ETHUSD & BTCUSD breaking OPPOSITE directions - I personally will mostly be looking to trade the ETHBTC chart on margin