The ETH/BTC pair is approaching a well defined long-term log trend line. It's current price trajectory shows a possible intersection with the trend line and the .786 fib retracement of the most recent market cycle. Buy zone from 0.05-0.045 with a target just shy of the all time high. Any decisive breach of the log trend line would negate this setup.
Lots of confluence beginning to form around the $13K level. Breaking the trend line from the ATH will be the test. I expect the 1 wave to get rejected by the trend line with a shallow 2 wave retracement. Then, the powerful wave 3 will bust through.
