This crypto risk on / risk off is at a critical level!

The intraday spread between Ethereum and Bitcoin is an important indicator that can tell us where we are going next, because it serves as a risk on / risk off barometer. Right now the indicator is at an extremely important level. It cannot fall below the teal support that I traced or else we are going to have another severe crash in the next couple days. I'm not saying we are going to crash, but I'm illustrating what is going to happen if it is breached.

Kommentar:

CRASH ALERT: Critical level breached!