ETH/BTC 1hr symmetrical triangle.
Even though it looks like a bull flag, we are expecting a break down. If it does, we will be converting our BTC holdings to ETH.
Our reasoning for a breakdown is that ETH is quite over extended, BTC will likely recover in the shorter time frame at a higher pace.
Given the amazing bullish sentiment for ETH, we recognize that we are probably wrong.
Our reasoning for a breakdown is that ETH is quite over extended, BTC will likely recover in the shorter time frame at a higher pace.
Given the amazing bullish sentiment for ETH, we recognize that we are probably wrong.
