ETHBTC - Follow the volumeThis chart has been an obsession for a while now.
Not because I actively trade it, but it's interesting to track sentiment across the two majors coins in the market.
Notice how volume spikes usually concur with pivot points. It's been downtrending for so long, so it's really hard to say "this time is different".
On the other hand, we see that this s/r flip is kinda holding on higher volume, which would open the gates for finally making a higher high.
If s/r flip doesn't hold, we're back at good old lower lows and slow bleed on this pair. Invalidation is pretty clear though, which provides us with a good setup to bet more on ETH and ETH-eco coins.
Added bonus is of course that a potential news event could provide the spike that is needed to take this pair out of it's eternal bleed. It's one of those cases where news can influence chart, which could cause a sentiment squeeze: people chasing to try to position.
All on very thin ice of course, this chart has done nothing but disappoint and I've been very bearish on it in general. Opportunity is here though and because inval is tight, it's worth trying to frontrun some positioning in ETH coins imo.
