The price volatility goes higher as expected in our last analysis, the BTCUSD being at key resistance level of 6800 area now. As the first cryptocurrency, BTCUSD is leading all the rest cryptocurrencies. Which means the ETHUSD is likely to go up also.

Instead of seeing it as a trend reversal, we should see this bounce as an opportunity to short them. Since ETHUSD didn’t rebound as BTCUSD did, we can long it before go short it,

ETHUSD

We can make two setups for ETHUSD. First, long it in current price, ST at 274 and TP at 315. Then ,if price reaches to 315–320, short it, ST at 350 and TP at 260.

BTCUSD

BTCUSD has triggered our setup in last analysis, we can keep holding this short position.

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