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This crypto risk on / risk off is at a critical level!

ETHUSD/BTCUSD  
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ETHUSD/BTCUSD  
Wave Analysis Elliott Wave Bitcoin (Cryptocurrency) Ethereum (Cryptocurrency) BTC ETH BTCUSD ETHUSD BTCUSDT ETHUSDT
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waveanalysis elliottwaves bitcoin ethereum btc eth btcusd ethusd btcusdt ethusdt
The intraday spread between Ethereum and Bitcoin is an important indicator that can tell us where we are going next, because it serves as a risk on / risk off barometer. Right now the indicator is at an extremely important level. It cannot fall below the teal support that I traced or else we are going to have another severe crash in the next couple days. I'm not saying we are going to crash, but I'm illustrating what is going to happen if it is breached.
Komen:
CRASH ALERT: Critical level breached!
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.