Timing is everything - Swing Trade (1-2 weeks) Long ETH/BTC
1hr
rsi: 20.1 (oversold)
1hr stoch rsi: 17.4,20.85 (kinda oversold)
t-k cross bearish
1hr: candle pattern: possible support
4hr
rsi = 19.6152 (oversold)
stoch rsi = 4.4473, 7.8293 (oversold and has reset)
t-k cross = bearish
50-200 = bearish
cloud: price below cloud
candle pattern: possible support candle
1d:
rsi=31.36 (touching oversold but nominal)
stoch rsi = 20.57, 32.1776 (nominal, but touching oversold)
price is below 200 ema
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.
btc/usd:
4h
rsi=76.9779 (overbought)
stoch rsi = 88.85,84.04 (overbought)
1d
rsi = 66 (nominal)
stoch rsi = 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.
rsi: 20.1 (oversold)
1hr stoch rsi: 17.4,20.85 (kinda oversold)
t-k cross bearish
1hr: candle pattern: possible support
4hr
rsi = 19.6152 (oversold)
stoch rsi = 4.4473, 7.8293 (oversold and has reset)
t-k cross = bearish
50-200 = bearish
cloud: price below cloud
candle pattern: possible support candle
1d:
rsi=31.36 (touching oversold but nominal)
stoch rsi = 20.57, 32.1776 (nominal, but touching oversold)
price is below 200 ema
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.
btc/usd:
4h
rsi=76.9779 (overbought)
stoch rsi = 88.85,84.04 (overbought)
1d
rsi = 66 (nominal)
stoch rsi = 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.
評論:
btc/usd is showing a double rejection candle on daily and still at higly overbought on stoch rsi. daily rsi is nominal but pinging overbought levels. I think we will see eth/btc rise pretty soon.
評論:
bbands on 4 hour are tightening. Metropolis phase 1 hit block 4.3 million hit about 5-6 hours ago. We will find out if it breaks upward or not soon. Oscillators show it has more likelihood of going up.