- Ethereum versus Bitcoin pair is breaking below a Descending Triangle.
- RSI confirms its weakness as it also broke an uptrend line of support.
- Best to go all in on Bitcoin as its Halvening is only 66 days away at the time of this post.
Note
Bitcoin Dominance v Total Market Cap Excluding BTCNote
Interesting Reversal!Note
Had to take a closer look at the 4 Hour for more details on what is going on...⛔ The On Balance Volume has me worried. If it doesn't trend higher, than this could be a Bull Trap...
👍 If OBV does maker Higher Lows above Resistance Line, Ethereum is on!
Note
Good grief... I hope everyone has Stop Losses on their Altcoins/BTC pairs. That was one heckuva Bull Trap 😱😱😱
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.