ETH/BTC Long Setup Idea (Monday, May 4th, 2020)

Multiple signals across the board are showing that there is a potential that alts have bottomed out or are close to bottoming out and ETH is the market leader, so when/if BTC makes a large move I expect this entry to be filled completely. The upside for ETH is quite high so the stop loss on this may be adjusted depending on market conditions. I will be manually closing this trade.

TD9 showing across tons of time frames. Basic S/R levels marked in the chart. I'm willing to take the risk.

Comment:

ETH REALLY struggling here. Let's see how it goes.

Trade active:

The stop got demolished on this but I'm holding ETHBTC for now. Let's see how it reacts a little lower. The move from BTC these days pre-halving ripped into ETH.

Trade active:

I misspoke. The stop didn't get hit on this. Close though.

Trade closed manually:

Closing this out - next setup in another chart because this is getting messy.

Comment:

Still trying to find its way back into support: