ETHBTC is cryptic - so many possibilities
1) Is the high in?
2) Is the next low a LL?
These determine whether 1D MS is bullish, bearish, or neutral, which then determines the most likely path. These 3 cases in green, red, and white
It's clear that 0.20-0.21 was the place to buy; it was the HL after a bullish MS change.
But right now there's no unambiguous plays that are confluent with the implied MS. Sitting out for now.
2) Is the next low a LL?
These determine whether 1D MS is bullish, bearish, or neutral, which then determines the most likely path. These 3 cases in green, red, and white
It's clear that 0.20-0.21 was the place to buy; it was the HL after a bullish MS change.
But right now there's no unambiguous plays that are confluent with the implied MS. Sitting out for now.
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