ETH/BTC - Large rally will be pursued after this bounce
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Looking at this from a long term perspective i see potential for large gains.
The chart itself looks quite bearish tho!
But, on the 1D we can see that we are starting to make a divergence on the RSI,
This coupled with the trend we have seen lately I'm expecting a bit of a rally for ETH against BTC.
The chart is pretty self explainatory, if you zoom out you can see the relevant trendlines for the 1D that i have drawn out.
Have a nice day
Thanks for stopping by my chart & idea.
If you like the content, please don't forget to press that like and subscribe button!
Looking at this from a long term perspective i see potential for large gains.
The chart itself looks quite bearish tho!
But, on the 1D we can see that we are starting to make a divergence on the RSI,
This coupled with the trend we have seen lately I'm expecting a bit of a rally for ETH against BTC.
The chart is pretty self explainatory, if you zoom out you can see the relevant trendlines for the 1D that i have drawn out.
Have a nice day
Comment:
Double bottom, we have bullish engulfing
Trade closed: stop reached:
0,33 level proved to strong while BTC is rallying like this
I'm buying at these attractive levels.
Below we can see that it made a dip right below this trend before and I'm seeing a stronger likelyhood that we will bounce here. BTC will dip and as it's overextending now, then alts will have their time.