- 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.
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Bitcoin Dominance v Total Market Cap Excluding BTC
Comment:
Interesting Reversal!
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Had to take a closer look at the 4 Hour for more details on what is going on...
β The On Balance Volume has me worried. If it doesn't trend higher, than this could be a Bull Trap...
π If OBV does maker Higher Lows above Resistance Line, Ethereum is on!
β The On Balance Volume has me worried. If it doesn't trend higher, than this could be a Bull Trap...
π If OBV does maker Higher Lows above Resistance Line, Ethereum is on!
Comment:
Good grief... I hope everyone has Stop Losses on their Altcoins/BTC pairs. That was one heckuva Bull Trap π±π±π±