Ethereum / BitcoinShort
Shorting ETH vs BTC
Updated
It is pretty obvious that ETHBTC chart is looking bullish but it's at a big resistance and it's forming a Bearish divergence, which is not confirmed yet, many don't see that.
ETHUSD is looking strong too, but what if BTC goes parabolic and money starts to flow back to BTC, from ETH and ALTs, ETH will slow down for sure.
Everyone is underexposed to BTC currently because ETH was looking very strong during the dump and I think it was a bait.
We will see the Mother of all Alt Seasons, but not yet IMO.
ETHUSD is looking strong too, but what if BTC goes parabolic and money starts to flow back to BTC, from ETH and ALTs, ETH will slow down for sure.
Everyone is underexposed to BTC currently because ETH was looking very strong during the dump and I think it was a bait.
We will see the Mother of all Alt Seasons, but not yet IMO.
Trade closed manually
Closing here in small profit. Strong bounce both on ETHUSD and ETHBTC. Not worth the risk.
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