Quickpost ETHBTC Bull Trap is in
There is a lot on the log chart so lets look at the target setting on the standard chart. The implications for this are pretty bad, if ETHBTC dips then probably both ETH and BTC will be going down, and ETH faster than BTC. Alts and shitcoins more volatile than ETH will go down even faster than eth. I am personally using this chart as confluence to short an alt I like to work with. The head and ETHBTC neckline is now acting as resistance. Potentially disastrous for the broader crypto market. Stops should be easy to set for anyone with the basics of setting stops (not shown due to quickpost and having to get the kiddos to bed).
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
Looks like we have formed a triangle. I am currently biased that this will break to the downs side.