FinanceFox

ETH/BTC bullish madness!

BITFINEX:ETHBTC   Ethereum / Bitcoin
Hi all!

ETH/BTC has been going up in a stellar move breaking 0.063 without even slowing down!
The question that follows this move up is; Is this a bull run/uptrend and how much longer will it last?

We are all hoping for the crypto markets to go for a bull run like we had last year but we aren't there yet.
TA wise it's just a retrace during a downtrend but if we break this and make the same move as we did during the last run ( green circle )
we are in for a treat!

Going to keep it short but sweet:
-> Hitting EMA resistance
-> Ichimoku resistance
-> volume divergence
-> RSI sky high with a divergence opportunity
-> Upcoming red cloud

What to watch for:
-> RSI divergence
-> EMA support
-> Volume move

Other factors to consider:
-> BTC mining profitability
-> BTC sitting at resistance / BTC dominance lowering
-> ETH mining profitability compared to BTC

My main goal here is to translate the chart and make it more simple over what there is to see and what to look out for.
Hope this was information helps you in the long run!

As always,
Happy Hunting!

All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock/cryptocurrency picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. These are not facts but my personal views and opinions.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Comment: Entered the cloud!
Comment: 4H view;
Sitting at the resistance of 84 and are in an area of indecision ( RSI confirmation ) with 2 bullish trends ( split by the white line in the green channel ). Price is moving around an old swing high. No clear signs here except for the bullish trend that is weakening.

Comment:

all the info is in the chart, we aren't bearish yet but the door has been opened.
Thank you for your information! I think I'm going to take my 25% profit and wait for it to retrace.
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