ETH/BTC Tend Reversal Macro Trade #AltSeason ??!?
This is linked to my original idea but did not act.
So this is my plan of action.
I am still currently in a short trade, Spot long.
What changed my bias was the daily close above the 21 EMA, bounce off the top ranged of my long term support from my previous Idea(around 0.016 ish)
My main concern is no volume but I feel like everyone thinks alt season is dead which I find (through personal experience) makes people lose interest in even looking at charts until there is a big move with volume.
For me I do not want to miss this move so I am now officially prepared and happy to take multiple shots at this trade to get the right Risk/Reward for the next bull run in Eth.
So this is my plan of action.
I am still currently in a short trade, Spot long.
What changed my bias was the daily close above the 21 EMA, bounce off the top ranged of my long term support from my previous Idea(around 0.016 ish)
My main concern is no volume but I feel like everyone thinks alt season is dead which I find (through personal experience) makes people lose interest in even looking at charts until there is a big move with volume.
For me I do not want to miss this move so I am now officially prepared and happy to take multiple shots at this trade to get the right Risk/Reward for the next bull run in Eth.
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