ETHBTC Key Support| Trend Change? Bottom?

ETHBTC’s market structure has been bearish for a considerable period of time, price action is currently testing the POC, Bullish Order Block and the Dynamic S/R Support for a potential reversal zone.

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Today’s report will include:

  • Updated Technical Analysis

  • Other key market developments

  • Market Psychology

  • Trading Tools

ETHBTC Long Trade 📈 

In Today’s analysis -ETHBTC- bottoming around a support region that has multiple technical confluences.

Points to consider ✍️ 

  • Point of Control Support

  • Dynamic S/R Support

  • Bullish Order Block Support

  • .618 Fibonacci Confluence

  • Swing High Objective

ETHBTC’s market structure has been bearish for a considerable period of time, price action is currently testing the POC, Bullish Order Block and the Dynamic S/R Support for a potential reversal zone.

Price Action need to establish a local bottoming structure around the .618 Fibonacci confluence zone, this will increase the probability of a bottom being in pace.

Overall, in from Bitcoin Insider’s perspective, ETHBTC is a valid long with defined risk, price action it to be used upon discretion/ management. ✍️ 

Hope this analysis helps.

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Trading Psychology  🧠 

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