Would of done this video with voiceover but have ze man flu & sound crokey as hell.
WEEKLY back under & failing at major resistance levels.
4 Hour broke briefly above resistance but closed below & confirming resistance with multiple failed tests.
$ETHBTC has been a leading indicator to buy/sell your $ALT positions over the last 2 years & been very effective in doing so.
We've been ranging in a trend on $ETHBTC which identifies selling $ALT positions at the top of the range (TL RESISTANCE) and buying at the bottom of the range (TREND LINE SUPPORT)
I've indentified the correlation using the $LBC chart on...
Great low risk buy spot here for $ETH/$USD with multiple confluence.
Retesting the super important $400 breakout spot that cause a explosive rally before.
Oversold on the stochastic on the weekly, 3d, Daily & 8 hour chart.
4 hour bullish MacD cross & the 8hr MacD is about to confirm a bullish divergence.
Stops at 340.
The chart shows the bull & bear cycles of ALT season- Currently in a bull cycle.
The previous 2 ALT seasons had a large rally before pulling back and continuing.
2016 season pulled back to 61.8% followed by a 345% rally.
2017 season pulled back to 50% followed by a 321% run.
2018 season (CURRENTLY PULLING BACK) Looking to find a bounce on either the 50% or...