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GreaterNinja
Jun 28, 2017 1:54 PM

small short Short

Ethereum / BitcoinPoloniex

Description

stoch rsi for 4h is pretty high ~99 ish (oversold)
1 hour stoch ~90.6 (oversold)
hourly rsi approaching 70...aproaching oversold.

I think price will bounce off cloud and head back toward ~.115 to .108/200 ema, then re-test cloud. Usually that is what happens.

OTOH daily stoch rsi is very low.

I am trading light on this one because this could also be the beginning of another rally.

Comment

Sorry...i haven't slept much...been writing a paper all night.

the stochs and rsi's say overbought on 1 hr and 4 hr.
daily stoch rsi says oversold.

Comment

I think we might see a dip in btc within the next hour or two, this will temporarily bring eth/btc ratio down.
last 4 hour and its big whisker top says that we might be going back down.
stoch rsi on 4 hour says way overbought
4hr rsi is approaching overbought
1hr rsi stoch says overbought
1hr rsi says almost overbought
WIth lack of significant ethereum events nearby, I don't see eth/btc staying up ~.12 too long

Trade closed: target reached

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