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TeamWinnaar
Feb 15, 2016 3:04 PM

ETHXBT, still a lot of room up Long

Ethereum / BitcoinKraken

Description

There's still a lot of room up on ETHXBT. I'm long since 0.00252, thus enough room to let my long play out.

The correction showed only a limited amount of panic and there's bullish hidden divergence on the RSI.
I will be looking for a higher high on lower volume, whether or not on a triple RSI top, to unload profits into BTC.

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Some key levels to watch

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I did not expect what happened last few days, but I'm still looking for a higher high. It might take longer than I expected.
The drop created a lot of room on the RSI; hidden bullish divergence might play out

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Sold 10% of my position, looking to buy back lower.

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Sold another 10% of my position at 0.0275

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I'm buying back my sold coins in this region

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