ETH Rise During Bitcoin Downtrend
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It has become clear in recent times that the Bitcoin and Ethereum prices directly correlate with each other. Whales are constantly pumping one while they dump the other; rinse and repeat. Therefore as Bitcoin is now completing the final shoulder of the IH&S, ETH will pump up to potential new highs.
Note
Squeeze is coming in on the 4h timeframe and Bitcoin has done a U-turn, so Ethereum is now heading down. A candle close outside of the 4h bands will pretty much confirm a short, although I flipped my trade earlier this morning when I flipped my BTC trade. If it breaks the support line, the next point of resistance is about 39, and then 23 USD.Trade fermée manuellement
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