WHERE ARE BTC AND ETH HEADING?
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1. Both have reached extreme points and cannot break through. BTC has maintained its shape, but I had to redraw ETH because the old pattern was broken.
2. In terms of context, in the short-term frame (H1), both BTC and ETH are in a downtrend. The prices have had strong rebounds but could not surpass the barriers, especially the extreme points. Even though the buyers have tried very hard.
3. With my candle analysis and lagging indicators, they all show that the upward momentum is very weak, and selling pressure may be stronger in the coming time. => The sellers have a much greater advantage.
Therefore, in this case, it is advisable to prioritize waiting to sell rather than waiting to buy, as it would go against the trend, and the risk ratio is much higher. #btc #ETH
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1. Both have reached extreme points and cannot break through. BTC has maintained its shape, but I had to redraw ETH because the old pattern was broken.
2. In terms of context, in the short-term frame (H1), both BTC and ETH are in a downtrend. The prices have had strong rebounds but could not surpass the barriers, especially the extreme points. Even though the buyers have tried very hard.
3. With my candle analysis and lagging indicators, they all show that the upward momentum is very weak, and selling pressure may be stronger in the coming time. => The sellers have a much greater advantage.
Therefore, in this case, it is advisable to prioritize waiting to sell rather than waiting to buy, as it would go against the trend, and the risk ratio is much higher. #btc #ETH
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BTC
108,506.12
-3.52%
ETH
4,371.19
-2.94%