After bouncing off a previous swing high level now acting as support, ETHBTC has caught a nice break. The only bullish scenario I can see is a very bullish end of July (staying above weekly doji line) followed by a very bullish August that closes above that resistance line. If these two (unlikely imho) scenarios occur, I will be looking to swing trade ETHBTC and maybe even get some ALT exposure on ETH tokens. Until then, bearish gold entry would be at that resistance retest.
Only YOLO long I would be willing to take is at that consolidation that ETH had on the way up and we are still a long way away from it.
Only YOLO long I would be willing to take is at that consolidation that ETH had on the way up and we are still a long way away from it.