This is a good pair trade where you buy one and short the other stock that is highly correlated. Ethereum and Bitcoin move similarly and are both at resistance. I think Ethereum has a better shot of breaking above it because it has a stronger Relative Strength Index. You can short Bitcoin and Buy Ethereum. This would be a good time to use this strategy. Thanks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.