ETH/BTC is following a channel since early October. Recently it has hit the upper trend line of said channel and reversed direction. With Bitcoin showing very bullish behaviour, my guess would be that ETH/BTC will continue to fall in the short term.
Consider exiting your position around the green support area. If Bitcoin keeps on rising, you might keep the short position, but it would be a riskier trade.
Consider exiting your position around the green support area. If Bitcoin keeps on rising, you might keep the short position, but it would be a riskier trade.
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