We can clarely see an increase in bears. Also if we count the elliot waves as Bill Williams suggest we got a serius combination of short signals. We just have to be careful for the stop hunting.
We've been dancing between 11's and 12's prices this january and it made a nice triangle pattern. I suspect it will keep going long due fibo retracements and the breakout of the triangle, I suggest a nice long.
If we pay attention to recent history of ETHBTC we can see that it respect very well the oscilators when its oversold. Now we have a light divergency on stoch rsi. I know it is not much or means nothing for most of you guys. But I encorage you to watch closely how ETHBTC behave when oversold and the oscilators tend to signal a near long status.
Right now ...
We got a divergency on the squezze, telling us this is the end of the 5th elliot wave, is now matter of time till go back up. We know btc is a strong comodity, if not a "currency". Japanese and Chinese investors are taking great interess in buying large quantities of btc when the prices go to 161.8% on short. Then they rally up with huge leverages on buying ...
2 weeks ago I tryed to make a short, it touched my stop. Right now we see another oportunity, once it make a breakout from the lines, we follow the trend. Also it seems that we are on a 2nd elliot wave
well, there is not much to say, in 15m just broke a nice resistance, it seems that will make a nice shoulder-head-shoulder, also seems like the 1h and 15m 5th elliot wave, and the end of a 4th wave on 4h. It coudn't suppas the fibbo resistance. And well, in the lv2 there are like the HELL of a lot of selling positions right above that is scaring the price ...
We all are aware of the halving that will ocur around 11 Jul 2016 06:03:16.
Depending on the mining it can happen earlier or later. But it will happen around that time. This huge triangle could meet it's end on that halving period when the price especulate to rise long, and the mining will meet a halve progresion.
Until then I suggest to look foward the ...