ETHBTC zones to pay attention.
BTC is showing bullishness to bring US BACK to PRICE PIVOT.
A further pump on BTC BACK to 3780/3830 I would expect ETHBTC to perform the same and bring us to the above zones.
The same in case bears takes control.
I am Short TERM BULLISH.. in crypto bullishness means some hours maybe ... in a bear market a week maximum!!! ...
RSI broke down from trend. Price flirting with breaking the parabolic trendline. Could still get one more high to 2.618 ext. but if we start closing candles above there the idea is pretty much invalidated. This feels similar to the bitcoin bull trap of early 2014 to me, could be wrong of course : )
With the upcoming imminent release of BullFilter 1.3 to our subscribers I wanted to highlight the new features in a series of ideas.
In trading, divergence is a concept that forms on your chart and results from the price action of a security moving in opposite direction to the indicator value.
What you need to know is that positive (bullish) divergence happens ...
This trading pattern has been continually reoccuring throguh all of the recent rallies and presents another good RR opportunity. (see referenced if in doubt)
I am of the opinion BTC will likely slow down and ETH may catch up over the next few days.
As normal, trading breaks gives the best chance of success.
Lets see what happens. GL.
This is the sum of some alcoins vs BTC paired.
On this chart I just noticed that we recently hit almost lowest levels for ETHBTC, XMRBTC,LTCBTC,NEOBTC,EOSBTC,IOTBTC,XRPBTC,ETCBTC
Also I can see Wyckoff Accumulation and if this is valid in crypto we are at the bottom of this painful correction, so we might see a bull run soon and if correction is ...