$ETH $BTC ratio, a possible 40+% bounce

We appear to be done with a ABC correction after the 5-wave (green) move up. Also the correction is limited to the red channel. In addition, RSI appears to have bottomed out. If we don't make lower low, there is decent 5:1 R:R trade

Extended Target2 is the red box

Invalidation: Losing the red channel and make a lower low

Kommentar:

As expected, there was a bounce

Trade geschlossen: Ziel wurde erreicht:

Target hit, lets see if the extended target gets hit as well (red box)