Looking at the charts you can see ETH always follows BTC.. except right now! My best guess is that a lot of new people started shorting ETH where as BTC market is more resilient. Either way BTC is going up and ETH fake selling pressure will pop as BTC keeps going up. Instead of a new eth high you got an eth lower high. So imo this is a great long position with BTC almost certainly going up
Comment:
adding to my position as it goes even lower
Comment:
eth finds support on ichimuko cloud. If it drops more I'll be adding more on the lower cloud support
Trade active:
perfect touch on the base line hope you bought that 880 you won't see it again I believe.
Trade active:
price went a little below as my friend halilotti kindly pointed out but that base held firm. Time to moon again with a proper RSI reset this is looking good.
Trade closed manually:
This was well spotted but completely failed however.. this has proven to me that at the moment ETH is a leading indicator on what BTC is doing. ETH today broke out hours before BTC did. So if you're trading BTC have a look at what ETH is doing to get an indication.