Both Ether and Bitcoin are currently in Free fall mode.
FOR SHORT TRADE WE CERTAINLY NEED TO DETERMINE:
WHICH OF THE TWO IS GOING DOWN FASTER - PERCENTAGE-WISE ?
Such knowledge will provide us with HIGHER PROFITS, and HIGHER CONFIDENCE in our short trade.
So let's look at the ETHBTC PAIR.
AT FIRST GLANCE IY SEEMS THAT THE ETHBTC HAS FORMED A EXTREMELY BEARISH PATTERN, and is currently riding DOWN the "mountain".
A sharper second look indicates a prominet "PINBAR" candle that indicates a temporary strengthening of ETH relative to BTC.
Pinbars are one of the most reliable patterns indicating price direction. The one in the picture is called an upward pinbar. It is strongly co-occuring with
the change from bearish to bullish.
SO , despite rapid descent of ETH/BTC decision needs some careful and cautious balancing between the two directions.