I like trading ETH and XRP because they are often higher beta than bitcoin. After this last retracement we bounced off the bottom of the Bollinger band, the stoch rsi has been twiddling across the bottom and the RSI got some breathing room. The weekly stoch RSI is very, very overbought, while the monthly is bullishly coming up the bottom.
If the markets keep charging and the Stoch RSI keeps being predictive on the 4h & daily we might catch the same kind of wave up, indicated in the pic.
I do think a mighty, mighty correction is coming, but I think its going to be easy to read; the stoches/stoch RSI/and RSI will sync up at the top across timeframes and then all dump. it will be a brutal fonging, but I think the daily and 4h indictors have at least one more pump cycle. Not advice, but just blogging my trades.
If the markets keep charging and the Stoch RSI keeps being predictive on the 4h & daily we might catch the same kind of wave up, indicated in the pic.
I do think a mighty, mighty correction is coming, but I think its going to be easy to read; the stoches/stoch RSI/and RSI will sync up at the top across timeframes and then all dump. it will be a brutal fonging, but I think the daily and 4h indictors have at least one more pump cycle. Not advice, but just blogging my trades.