dontdaytrade

ETHBTC Finally Reached Bottom

Long
BINANCE:ETHBTC   Ethereum / Bitcoin
This bottoming action on previous strong support is very bullish .
We have put in a higher low, and CMF has been increasing for a while, with a higher low on that as well.

I expect BTC has also reached a top, so both pairs will likely decrease in USD price, but ETH will fall less than BTC .
If ETH makes a lower low from here, this idea is invalidated.

Comments

Looks good to me
+1 Reply
The latest candle does not give any divergence signal both on CMF and RSI. Not sure if this will be the last down.
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dontdaytrade khophilipchan
@khophilipchan, cmf definitely diverging
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