This intraday spread is only available for subscribers so come take a look. For those who are new, when Ethereum outperforms Bitcoin, crypto investors are bullish and vice-versa. Yesterday I posted that this risk on / risk off barometer was most likely to reach the support I traced, which it did. Since then, the indicator bounced back to form a simple 5-3-5 zig-zag counter trend correction. From here, I would say there 67% chance that we resume the downtrend and 33% that we do a more complex counter trend correction before plunging again. I illustrated both possible scenarios. Ethereum is trying to breach its 2300 support as I'm writing so let's see what happens.