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.
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...