After 2015 btc pump alts suffered and durings its consolidation alts 2xed. Generally alts seems to have an inverse correlation with btc where they pump more after btc has pumped hard. We seem to be in the inverse period now where alts should soar and btc consolidate and perhaps drop 10-20% more.
below pivot, close here should lead down, or this apex is squirting out flat price forever
Break above 10.6 & 11 is bullish. Break below pivot 10.2 and support 9.8 then 9.4 should break down. Buyer at 8k
interesting to follow break trendline, trap shorts, pump
Breakout from downtrend, 50% retracement, ETHBTC semi-bullish. I think it's time for ETH to shine, I wouldn't mind a longer wick into orderblock below. If I don't get a clear buy setup on current orderblock I'll buy a reclaim of 200 level.
I'm short frm top green line but would start flipping bullish on closes above first green and all in on second green reclaim.
If BTC drops to 8k, Alts could either go up 10% or down 20%. Seeing all ALTUSD majors on support i think we get a small relief pump.
This monthly level is a good pivot for price, short a close below, long a close above. The weekly level in the middle of the monthly zone should be pivotal as well, long bias as the 4H is about to retest it and close above.
Will limit short and close manually if price starts closing above levels to short higher. I want to see a good rejection
4H close in 1 hour should tell us more
I think this looks similar to previous setup, but we have a few hourly closes above 3D and weekly support.
depends on daily close and key weekly level 10185