Keihan95

ETHBTC not looking good

Short
BINANCE:ETHBTC   Ethereum / Bitcoin
ETHBTC possible pathway in upcoming weeks and months.Indeed there is nothing certain but this pathway is possible considering the weakness of ETHBTC with lower highs and standing in critical area close to the trend line which has acted as support during the Trend toward upside.A break to the downside can make Altcoin market to bleed heavily against bitcoin which corresponds to idea of bitcoin dominance increasing(in related ideas).RS regions are depicted on the chart.Red line is midline of the bigger range.blue lines are midlines of the midranges on either side of the bigger range.Lets see how its gonna play out…Always a student!

Disclaimer

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.