As you can see from the graph ETH is in a great short term position vs BTC.
Here are the reasons:
- we have a clear pattern nicely connected to ETH SHORTS
- Stoch already crossed on the upside
- WT indicator crosses now
- CCI is oversold
- RSI also in oversold territory
Seems like better players will play a similar scenario again.
First goes BTC and when...
I'm not sure if you were around when ETH made a double top around $400 but I do remember it like it was yesterday.
At that point, a friend bought it nearly at the second double top price. Just a few dollars below that.
He did not listen and as a novice "crypto investor" he wanted to be smarter then experienced ones and even than the market itself.
BTC/USDT looks set to end its bull run with a candlestick at a lower volume along with other signs (RSI, MACD, etc.).
I expect it will be flattish over the next few days followed by a downturn. This could turn into a massive bearish trend if it swings down.
Currently, it's in a great position for intra-day high/low trading.
I wrote about BTC being bullish and going for a breakout.
(might be smart to check out the comprehensive analysis in the "Link to Related Ideas")
As we all know the majority of the coins follow the leader.
When BTC up, others go up. Sometimes with a bit of delay.
Late on catching BTC yesterday?
You can still catch ETH today!
PS: It's not investment advice. It's...
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Good morning Asia! I hope you have a deserved rest over the weekend and are bright and alert for a fresh new week.
While I await a positive sign/change from ALGO/USDT, I would like to share with you my crypto of the day - LINK/USDT.
It is showing signs of the start of a new uptrend. Retracing from the low of the previous uptrend in April this year (where the...
The 50 EMA is falling and coming close to the 200 EMA on the 4 hour chart. The current wave up doesn't seem to have the strength to continue any further without a further correction and a stronger base. Bitcoin buyers at 10k are few, and bitcoin needs to build more structure before wanting to reach or break the previous highs of 2018. My entry at present would be...
Good morning to everybody in Asia and good evening to the rest of the world.
My crypto of the day is ALGO/USDT, one that has been downtrending for a very looooooong time. Based on my TA. I believe this is going to change.
Long-term analysis (as long as it can get for ALGO :) ) indicates this is heading in the same direction as BTC did when it first turned up...
Minor bearish trend at H1 timeframe
Price trapped in support downtrend parallel channel
H4 have last buy level at 0.67154
H1 parallel channel and break and retest minor trendline
I'm waking up to see people screaming about how we have a massive 'shitcoin' dump happening as we speak.
If only they knew that what will be a temporary downspike is thanks to people waking up to Binance's planned maintenance email.
Estimated time of impact: Today
- UTC 0200hrs.
- UTC+8 (SG, HK, South East Asia) - 1000hrs.
The planned maintenance is...
MATIC/USDT has turned up again in the last few hours (while I had the most beautiful, peaceful sleep after 3 days of international client meetings which entailed waking up in the wee hours to provide trade signals on my premium telegram channel - a 53% ROI in the last MATIC run).
Based on the previous run which ended somewhat disappointingly (yes, I wasn't happy...