After Huge rally ,Ether has really slow down and performing poorly past two weeks or so. Couple days ago while I was analyzing BTC chart and Eth/Btc chart, noticed hidden bullish divergence and repeating pattern.Ether might have already competed small correction.Seems like readying for another jump. This could be great opportunity to gain some profits as long as there is no big or sudden Btc drop in$$$ figure.
PS. This is not a investment advice. Personal opinion.
PS. This is not a investment advice. Personal opinion.
Comment:
So far so good! Still on the right possible projection channel.At a great rsi point on any possible chart time period to build some momentum. If bitcoin plays nice with others this weekend, we should be heading towards the target(yesterday we got close to real action but momentum stopped at the last min following BTC's bart move. Just to be on the safe side Bitcoin needs to break 3700 level for real action.First hurdle is around 3590 on bitmex(Bulls needs to secure 3600 sooner than later).Once it clears rest should be great...Most importantly EtH/BTc 4hour chart looks like compressed spring, ready to be released upwards. Fingers crossed.
Trade closed: stop reached:
Bitcoin decided to not to play nice over weekend and my stop limit got triggered. This does happen time to time but we so need stronger bitcoin to help us out or good news at this point.I will be looking for better entry point. This target could still be in play but very unlikely at this point.