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ChartCinema
Mar 5, 2020 10:03 PM

ETHEREUM 🙅‍♂️ Altseason Delayed For Bitcoin Halvening 🔪🥥 

Ethereum / BitcoinBinance

Description

  • Ethereum versus Bitcoin pair is breaking below a Descending Triangle.
  • RSI confirms its weakness as it also broke an uptrend line of support.
  • Best to go all in on Bitcoin as its Halvening is only 66 days away at the time of this post.

Comment

Bitcoin Dominance v Total Market Cap Excluding BTC

Comment

Interesting Reversal!

Comment

Had to take a closer look at the 4 Hour for more details on what is going on...
⛔ The On Balance Volume has me worried. If it doesn't trend higher, than this could be a Bull Trap...
👍 If OBV does maker Higher Lows above Resistance Line, Ethereum is on!

Comment

Good grief... I hope everyone has Stop Losses on their Altcoins/BTC pairs. That was one heckuva Bull Trap 😱😱😱
Comments
Darkside999
not good for your TA
ChartCinema
@wildbeast, can't win them all 🤷... Surprising move by bulls, so I decided to diversify into Eth an hour ago. 👍
ChartCinema
@MasterYourMatrix, Bitcoin showing weakness, lowering my Risk and exiting Ethereum...
ChartCinema
@wildbeast, Hope you had Stop Losses my friend, the whales can be brutal.
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