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7.17 ETH/BTC analysis
ETH is currently completely following BTC’s bearish weakness; the overall approach is to do a short-term buy-the-dip strategy. Look to place trades on rebounds until around 1880, then open a short. Set the stop-loss above 1900. First watch 1840 support; if it breaks down, follow the trend and target 1800. Today, the weekly candle’s close is likely to swing up and down with a wick to shake out positions. Position sizing must be light; for every trade, attach a proper stop-loss to avoid large slippage causing loss of stop-loss #ETH$ETH