FerroIgnique

ETHUSD: Slight retest on 4H

Short
KRAKEN:ETHUSD   Ethereum
We are in a secular bullmarket in crypto right now.
However it’s not gonna be straight up so there’s gonna be a lot of opportunities along the way to find places to make even more money. I find that using the stoch RSI to be one of the simplest and most effective ways to watch trends. Particularly when you track the crosses at overbought an oversold.

Pardon me for being on mobile so I won’t post it, but you can check yourself the daily still stoch rsi is coming down: it looks like it’s going to go all the way to oversold. I wouldn’t normally trade counter-movement when the weekly and monthly Stoch RSI are bullish, but bearishness has flowed through the lower time frames and I’ll play an unfinished daily movement that’s been confirmed by the four hour. At the least I expect a retest the EMA ribbon or poke out the bottom before we come back up. Stop ladder is in place. No advice just a blog
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