ETH/BTC 4 hour - small pump, but overall SHORT
4 hour
- bearish 50-200 cross
-bearish tk-cross
-macd negative
stoch rsi - 0,.1056 (way oversold)
rsi 19.6965 (quite a bit oversold)
1 hour
- stoch rsi 70.8, 62.4906, (approaching overbought)
-rsi - 24.8 (a bit oversold)
bearish tk-cross
bearish 50-200
1 hour says it might gain a bit, but then its going to run out of gas.
4 hour says way oversold, so possibly it can find support. 4 hour says it could pump very hard, but overall news and downtrend will likely negate it. So What goes up will come down, high likelihood, unless news changes to very bullish.
On the otherhand....
1D says:
-still bullish tk
-stoch rsi 0,0 (way oversold)
-rsi 33.35 (almost oversold)...this could pump hard.
-price is in cloud on 1 day, it could fall through and that would be a signal to short.
-4h says short, but be careful lol, have your stops in place so you don't lose your fingers. rsi and stoch says you can get crushed.
-BUT price is in cloud. If price falls out of cloud on 1D at .081, then it could drop to .06btc/eth
Total market cap for all crypto has fallen to 82.7B, its fallen about 10B in the last 1-2 days.
I would say we are in a downtrend, but 4 hour says we can find support and 4 hour stoch says it can pump very hard.
Yet, overall, Ethereum news is weak. So if it goes up hard, its gonna come down.
Other technical indicators that I will not mention say this submarine is going to dive a bit more, unless news/events become more significant soon. I do not see it happening in the next few days.
I could see a potential pump soon, but more dive. Lowest risk says wait for the pump on 1 hour / 4 hour, then short again.
These are my thoughts, but I think eth/btc is going down like a fat chick in a game of dodgeball.
It will rebound within a few weeks or months though :). Just need a good, solid EEA / metropolis /adoption event.
- bearish 50-200 cross
-bearish tk-cross
-macd negative
stoch rsi - 0,.1056 (way oversold)
rsi 19.6965 (quite a bit oversold)
1 hour
- stoch rsi 70.8, 62.4906, (approaching overbought)
-rsi - 24.8 (a bit oversold)
bearish tk-cross
bearish 50-200
1 hour says it might gain a bit, but then its going to run out of gas.
4 hour says way oversold, so possibly it can find support. 4 hour says it could pump very hard, but overall news and downtrend will likely negate it. So What goes up will come down, high likelihood, unless news changes to very bullish.
On the otherhand....
1D says:
-still bullish tk
-stoch rsi 0,0 (way oversold)
-rsi 33.35 (almost oversold)...this could pump hard.
-price is in cloud on 1 day, it could fall through and that would be a signal to short.
-4h says short, but be careful lol, have your stops in place so you don't lose your fingers. rsi and stoch says you can get crushed.
-BUT price is in cloud. If price falls out of cloud on 1D at .081, then it could drop to .06btc/eth
Total market cap for all crypto has fallen to 82.7B, its fallen about 10B in the last 1-2 days.
I would say we are in a downtrend, but 4 hour says we can find support and 4 hour stoch says it can pump very hard.
Yet, overall, Ethereum news is weak. So if it goes up hard, its gonna come down.
Other technical indicators that I will not mention say this submarine is going to dive a bit more, unless news/events become more significant soon. I do not see it happening in the next few days.
I could see a potential pump soon, but more dive. Lowest risk says wait for the pump on 1 hour / 4 hour, then short again.
These are my thoughts, but I think eth/btc is going down like a fat chick in a game of dodgeball.
It will rebound within a few weeks or months though :). Just need a good, solid EEA / metropolis /adoption event.
Comment:
stoch on 4 hour says its about out of gas, adding more to my short position at .09
Trade closed manually:
Closing trade. The plan was successful.