cryptodads

ETH/BTC Weekly & ETH Daily and Weekly

The descent into Hades continues.  This supports the previous idea that BTC Dominance looks ready to continue upward.

ETH - Closed and confirmed below the long term trend line.

The bad news:  more pain for ETH holders looks likely.

The good news:  nothing goes down forever unless it is going to zero.  I added back the lower lines on ETH for different S/R levels.  I also ran a Fib from the bottom of the bear to this cycles top.  The 0.786 lined up almost perfectly with one of my support lines at 1560-1570.  I would look to long ETH here for a swing trade.

If that level also breaks down, then I will gladly buy ETH at the lower levels and forget about it for years.