acesquid

acesquid

Looks like ETH/BTC is trading in the channel shown in the chart. Expecting a bounce at 382 level and break out of the channel. Bullish or Bearish? Keeping an eye on BTC dominance chart to see if I correlate it with ETH/BTC chart. Stay tuned.

acesquid Updated 

Currently tracking ETH/BTC ratio to bounce from either the 0.5 or 0.38 level in light of BTC parabolic uptrend. RSI nearly oversold on the 4 hr level, 1 hr and weekly timeframes look good for new uptrend on the ETH/BTC Ratio

acesquid

Just waiting for it to break!

acesquid

BTC faces two important and strong resistances at 10K and 11.5K. These levels need a clean break for new ATH targets. My 382 fib stands at 9488 and 0.5 is at 11447. If BTC fails to break these levels, we may be looking at a harsh rejection. If we break the 10K level, we may run up to 11446, reject and consolidate between the two levels.

acesquid

Major Cup and Handle?