D1, BTC, M-top + H&S + H&S, 118 bars, 20251103
The daily chart structure shows a pattern of lower lows on each bounce. If the weekly chart breaks below this level this week, forming a double-structure resonance, a wedge + rectangle breakout, the market will likely be weak and downward.
#BTC
The difficulty in trading ETH lies in distinguishing between wave 3-5 and wave 5.
If the structure shows a completed wave 4 decline, there's still room for an upward move.
If wave 5 is already complete, then the market can be compared to BTC.
#ETH
Personal Strategy
I'm betting on the completion of wave 4 in ETH, with BTC closing with a long lower shadow on the weekly chart.
I'll buy at the shadow and see if I can establish a base position for wave 5...
Alternatively, I could choose to rest...
ETH's fluctuation range is 6-8%. BTC's fluctuation range is 3-5%.
#BTC #Eth