BTCStrategies

ETH/BTC looking for a bottom (12H/4H/1H/10m)

COINBASE:ETHBTC   Ethereum / Bitcoin
12H first

EMA shows serious tightening, possible cross overs soon. Volume decreasing, lots of "bottom sign" on CM Williams Vix, RSI is still pointing down, possibly a drop out. MACD is showing signs of reversal, but not a confirmed (+) cross, Matrix Flow is looking rough as it has not shown a signal for a possible reversal or bottom.

4H now
EMAs show a BAD cross down a few days ago, still going down and widening now. Volume neutral in the past day, no "bottom sign" on CM Williams Vix, but it does show a possible "less dramatic lows" sign, but could get worse quickly, RSI is still pointing down, but could jump based on repeated patterns. MACD is showing signs of reversal, but has recently had 2x double crosses down after two double crosses up, Matrix Flow is looking rough as it has not shown a signal for a possible reversal or bottom.

1H
EMAs show a BAD cross down a few days ago, triple touching EMAs and still going down and widening now. Volume decreasing, no "bottom sign" on CM Williams Vix, less useful at this level, RSI is still pointing down, more likely showing a signs of indecision for a head and shoulders. MACD is showing signs of reversal, but has recently had 2x double crosses down after two double crosses up, Matrix Flow is looking rough as it has shown REPEATED bottom signals, but ETH/BTC is still going down.

10m (unorthodox)
I only use the 10 min for "directional" sentiment in the moment. I do however see "good signs" based on the information for "scalping" (not trading advice, and I'm being vague on purpose to dissuade entry on my post's accord) / alternatively, I see bad signs for a drop in the short term, followed by a return to the parabolic rise after the signs above have passed.
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