ETH channel as first described by Luke Martin (@VentureCoinist on twitter)
His idea is that this logarithmic ETH chart forms a channel that is an indicator of the current strength of alts vs. BTC.
Publishing it here so to have a link to see it live.
Bitcoin bounced off the bottom of the log channel again. Having trouble making it all the way back to the top of the channel ever since the break of the parabolic trend.