TheChartGuys

Scouting ETH Daily Equilibrium

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Bulls have some nice momentum to start the morning after a 4 hour bull flag is confirmed.
Bulls have short term momentum as long as the 4 hour uptrend is intact. If we lose the 4 hour trend, we look for our daily lower high, and equilibrium to form.
4 hour RSI levels for ETH and BTC make it unlikely bulls are able to just head up and break the daily lower highs, still needing 4-5% ... but it is possible.
ETH bulls should see significant follow through if the 5 tops on BTC at $6,800 are broken. This will be a GO signal for the bulls.
That is THE level to be watching this week!

Comments

Thanx for your inside, I look at your videos also ,-) I was always wondering what does a break means to you? Because I've set stop buy many times just to spike me in and fall like a rocket. So it is dangerous to make stop buy orders, but watching the computer if the bull break is confirmed somehow all the time is impossible... What is your best practice Dan in this case? Will you set stop buy order at 6800 or 6850 or be on guard all the time? Because this breakouts are so fast, even alarm misses the most of it.
+3 Reply
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