Time to go Long...someone just oversold a bunch of eth on 4 hour

stoch rsi 4 hour says oversold (bullish reversal signal)
rsi 4 hour says oversold

stoch rsi 1hr says oversold
rsi says oversold

OTOH, books are thin...I would not margin trade a lot as we just saw price crash to .0501

Comment:

BTC/USDT hit kijun on 4 hour, this implies 90% of time that a bigger correction will follow within days. This implies that eth/btc price will go up. The only thing about this is btc/usd price did not hit kijun 4hr on coinbase, bitfinex, bitstamp.

As far as fundamentals Vitalik posted yesterday that 1000 eth will be needed for POS pool staking, but sharding will allow smaller stakeholders to contribute. Also there is an AMA for Vitalik today for THENEXTWEB or some crap. I'm staying long on ETH.

Comment:

The data on btc/usd implies btc/usd will likely head toward $3600 within days. Other analysts say it will goto $2500...but i'm 50/50 on the 2nd target. Regardless, this data to me says eth/btc ratio will go up.

Comment:

this has been one hell of a trade so far. eth/btc about to have a bullish 50-200 cross on 4 hour.