rsi: 20.1 (oversold)
1hr rsi: 17.4,20.85 (kinda oversold)
1hr: candle pattern: possible support
= 19.6152 (oversold)
= 4.4473, 7.8293 (oversold and has reset)
t-k cross =
cloud: price below cloud
candle pattern: possible support candle
rsi=31.36 (touching oversold but nominal)
= 20.57, 32.1776 (nominal, but touching oversold)
price is below 200
fundamental events: Ethereum dev meeting 10.16.17
Metropolis release 10.17.17. Fundamental events suggest we will see a huge spike upward and will overrule technical.
= 88.85,84.04 (overbought)
= 66 (nominal)
= 99.54,94.94 (overbought) can push a bit more, but its testing limits
The grand picture I see:
We need to see if eth/btc breaks .0605 and perhaps .0501.
With btc/usd approaching overbought and analyzing wave patterns, I see a singificant correction in btc/usd to possibly $4300 in the next few days.
This timing would coincide with a huge upward movement in eth/btc ratio.
My proprietary data says eth/btc should be bouncing very soon.
I think the safest bet here would be to buy ~.05 to .065 and hold eth/btc . Not margin it.
Target for TP will be .077 btc and .0937 btc
This is a risky trade, but I am publishing it because I think this is what will happen over the next week.
BTC fundamental events: Bitcoin Gold - another fork in the road / another set of bonus coins. Mid Nov?