thi si a risk short, but looks like a double top and a rising wedge
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btc is still inside his falling wedge
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eth broke the wedge up and hit his historic ATH, but I think to keep going btc needs to do the same and break upwards too his own , wedge , a break down of btc will move ETH with it,
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btc trying to break the support on the rising wedge, eth testing the support.
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btc broek down , see if the retest of the support holds or not
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bounce of eth week for know, lets see how the hours develope.
There are plenty of good analysts who do not have a problem admitting their stops have triggered. It is much easier to accept their comments going forward since they demonstrate integrity in admitting that not every trade goes right. All you need is for say 60% to be right.
luissjp
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@Trendymanners, I didnt enter the short i was waiting for confirmation, that is why I did not post a trade close, ..., when I said risky i didn't mention I was going to enter, I am waiting for btc too, right know it has broken the falling wedge, waiting to see if it reenters and is a fakeout or not, when I have both info I will decide my trade,
luissjp
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@Trendymanners, if you see the post is trend analysis no short no long, sorry if I implied a signal, my intention with risky is one that is difficult to happen but need to be keep on mind.
luissjp
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@luissjp, please check previous post, when i did post short or long I will say if I stop , reack the target or ... , right now I don't trust btc, so I still thinking in a risky double top for eth . when id do trend analysis I will keep going until the idea can be totally discarded, my idea behind this is eth wcouls top going up following btc.
Trendymanners
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@luissjp, OK I just went from your comment "this is a risk short, but looks like a double top and a rising wedge". I agree all the signals look like a top, especially the RSI. In this case the signals were overtaken by something else. I think you will be interested to look at ETH/BTC then that gives some good signals. In particular I really like tradingview.com/chart/ETHUSD/0WM4AMJs-ETHBTC-bullish-symmetrical-triangle-LONG/. Just look at the Stoch crossover. I think ETHBTC is going to at least 0.1 quite quickly. What do you think?
luissjp
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@luissjp, thanks for sharing , i like the comparison BTCETH, i do believe eth has great growth potential too. some people point out of a huge cup and handle with a target that is great, this, in my opinion, will be ideal. thanks for pointing out the RSI, is at his highest on the weekly too.
luissjp
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btc is in aposible faling wedge too.
geekpe
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@luissjp, if btc crash eth follow...
but who knows this is crypto