alphaseeker

This isn't a clear reversal; it's a bounce-back after a panic sell-off.
My take is straightforward:
It's unclear. We're in a state of divergence, so I wouldn't recommend going heavy.
Don't chase BTC/ETH from the mid-range. Just wait for key levels to trigger. #Crypto #ETH #TradingStrategy #AlphaSeeker

We're currently seeing a low-level bounce, not a confirmed reversal. BTC is stronger in the short term compared to ETH, having reapproached or even reclaimed the short-term EMA20, but it's still below the short-term EMA50 and the critical moving averages on the 4-hour and daily charts; ETH is still lagging behind. Until both coins sync up and reclaim those key levels, I wouldn't consider this bounce a trend reversal.

#Crypto#BTC #ETH #TradingStrategy #SMC #AlphaSeeker