Large pull back incoming
Idea was posted the other day but here is the set up. ETHBTC wicked over weekly October high and rejected. BTCUSD and ETHUSD beginning to slightly lose correlation. ETHBTC beginning to show signs of distribution on lower TFs. Final target is far, take profits at support along the way.
Note
Can close around 0.218 and short the bounce
Note
Gonna remove hard stop and will close manually if I see invalidationTrade closed: stop reached
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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.