Opening a small short to .0831, If you draw a 20 hour chart with a 200 EMA , you can see some pretty interesting candle patterns.
target #2 will be .06 and that is a big maybe
1 hour rsi and stoch rsi says this has a high likelihood of a bounce.
4 hour stoch rsi says this will go lower, but can bounce at ~20
1 day says if we go super bearish this will goto 200 ema on 1D ~.062, but I would assume .058 to .06 (.06 is my 2nd target).
Other stuff I have says ETH/BTC is still bearish.
However, since BTC is appearing to be more of a risk we can expect a lateral transfer of value from btc to eth OR exit the crypto markets.
What does this mean? btc/eth price might go up a bit or stabilize.
Anyway, I think this thing is gonna drop a bit then pump yet again...then drop..lol. Lowest risk to me is short from the top, since overall news is bearish.
target #2 will be .06 and that is a big maybe
1 hour rsi and stoch rsi says this has a high likelihood of a bounce.
4 hour stoch rsi says this will go lower, but can bounce at ~20
1 day says if we go super bearish this will goto 200 ema on 1D ~.062, but I would assume .058 to .06 (.06 is my 2nd target).
Other stuff I have says ETH/BTC is still bearish.
However, since BTC is appearing to be more of a risk we can expect a lateral transfer of value from btc to eth OR exit the crypto markets.
What does this mean? btc/eth price might go up a bit or stabilize.
Anyway, I think this thing is gonna drop a bit then pump yet again...then drop..lol. Lowest risk to me is short from the top, since overall news is bearish.
Comment:
target has hit and is exceeding my expectations. 1 hr shows stoch rsi 0,0; rsi ~21. It can bounce any moment. OTOH 4hr says it can fall more..., but the pattern shows stoch rsi is staying in nominal range for 4 hour. To short more or not to short?
Comment:
eth/btc and eth/usdt and even btc/usdt are at critical areas.
stoch rsi and rsi are showing we are approaching or already at overbought levels for 1 hour and 4 hour.
The daily says btc/usdt could crash more or recover. If btc/usd crashes it can goto ~$1700 or lower. Price is on edge of cloud and might just fall below.
This could severely impact eth/btc and eth/usdt.
News and sentiment is currently not significant enough either for both eth and btc.
I am taking profit on my shorts and reducing my positions. I will likely reopen a short after eth/btc pumps more.
Even if eth/btc goes up significantly, things still look sketchy and I think it will come right back down. Lowest risk is short from top if you trade. IMO, this is a fake bottom.
stoch rsi and rsi are showing we are approaching or already at overbought levels for 1 hour and 4 hour.
The daily says btc/usdt could crash more or recover. If btc/usd crashes it can goto ~$1700 or lower. Price is on edge of cloud and might just fall below.
This could severely impact eth/btc and eth/usdt.
News and sentiment is currently not significant enough either for both eth and btc.
I am taking profit on my shorts and reducing my positions. I will likely reopen a short after eth/btc pumps more.
Even if eth/btc goes up significantly, things still look sketchy and I think it will come right back down. Lowest risk is short from top if you trade. IMO, this is a fake bottom.
Comment:
We have two cases:
Either we have found a support/bottom at .074btc/eth
OR we might go lower to ~.06btc/eth
Looking at btc/usd chart, we might see it go down further. This is just my opinion.
Either we have found a support/bottom at .074btc/eth
OR we might go lower to ~.06btc/eth
Looking at btc/usd chart, we might see it go down further. This is just my opinion.