ETH.BTC (Y22.P1.E3).Distribution or Continuation?

Hi All,

#ETHBTC #ETHEREUM

Just like BTC, we can see this macro structure as a continuation pattern or distribution as per the wyckoff chart.
The 200 daily SMA is in line with the triangle support line.

I think the 200 SMA level will be the decider, and it might be a good indicator for the rest of the crypto market, especially BTC.

Hence shorting ETH with the pairing is a good opportunity if you planning to HODL and accumulate more BTC until we find the bottom.

RSI seems indicate the downward pressure as it broke that daily trend line\support line.

All the best,

S.SAri