Very clearly, we are seeing the ETHBTC chart tank again as BTC heads to daily higher highs and ETH does not even come close.
We are likely to stay within this daily tightening range for a while as it is wide, and the bulls are not doing much at all.
I personally would consider this a no trade zone, and wait for a clear break which will have volume and volatility accompany it.
In this current market I would play BTC bullish if the setup and breaks are right, and ETH bearish.
Daily EMA 12 resistance continues to be a good guide to keep the bears comfortable as long as it is resistance.
We need a daily trend change on ETHBTC for me to have any interest bullish ETH from here.
Be aware BTC has an ETF decision incoming.
We are likely to stay within this daily tightening range for a while as it is wide, and the bulls are not doing much at all.
I personally would consider this a no trade zone, and wait for a clear break which will have volume and volatility accompany it.
In this current market I would play BTC bullish if the setup and breaks are right, and ETH bearish.
Daily EMA 12 resistance continues to be a good guide to keep the bears comfortable as long as it is resistance.
We need a daily trend change on ETHBTC for me to have any interest bullish ETH from here.
Be aware BTC has an ETF decision incoming.
Checkout our full trading resources online www.chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social