Putting the crypto rally & pullback into context
Updated
Watching a pullback in crypto, as a technical trader, I find #Ethereum to #Bitcoin ratio descriptive of the general move in this space. (Is it fair to say that like with #silver to #gold ratio this could signal risk on / risk off sentiment in this space that helps understand the direction of the next move?)
Anyway, important levels I watch: Fibonacci 1.618 extension and VWAPs from late December. 0.3090 resistance must be cleared to make me more aggressive. 0.289 must hold before I start getting concerned.
What levels / patterns / indicators are you watching?
Anyway, important levels I watch: Fibonacci 1.618 extension and VWAPs from late December. 0.3090 resistance must be cleared to make me more aggressive. 0.289 must hold before I start getting concerned.
What levels / patterns / indicators are you watching?
Trade active
* oops, missed a zero: it is 0.0390 and and 0.0289 respectivelyTrade active
cleared resistance, I am bullish as long as it holds.Trade active
fakeout and pullback - .029 must hold. We want to see a higher low to form a base for another attempt. Patience.Trade active
Tested, holding and making a lower high. Must start making higher highs, otherwise: yellow alert.Trade active
Boom! Resolved higher. Target: 0.03373Trade closed: target reached
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