ETH/BTC 4 HOUR - 50/200 CROSS - Significant LONG Entry Signal
- 4 HOUR shows a long signal entry as 50 EMA has crossed 200 EMA from bottom on the 4 hour, about 12 hours ago. This is a strong signal to try and go long.
-Stoch RSI is at oversold on 4 hour
-RSI is nominal
-my proprietary indicator shows uptrend.
-weak, but bullish tk cross 2.5 days ago
I think we will see price drop a bit more in the next 4-12 hours, then probably a huge pump, then a dip as Daily shows its approaching overbought on stoch. It will need to reset for more upward momentum in the next 1-4 days, meaning a good dip, then a climb back upward.
The only other thing I caution against is fundamental events are bullish, but weak. For the next 1-2 weeks we can expect a roller-coaster ride. Put in your stops.
tp0: .0869btc/eth
tp1: .0937 btc/eth
tp2: .1 btc/eth
I think tp0 and tp1 are highly likely to occur within 0 to 14 days tops. We have total crypto market capital reaching all time highs again.
Check my previous eth/btc and eth/usdt ideas...significant wins.
-Stoch RSI is at oversold on 4 hour
-RSI is nominal
-my proprietary indicator shows uptrend.
-weak, but bullish tk cross 2.5 days ago
I think we will see price drop a bit more in the next 4-12 hours, then probably a huge pump, then a dip as Daily shows its approaching overbought on stoch. It will need to reset for more upward momentum in the next 1-4 days, meaning a good dip, then a climb back upward.
The only other thing I caution against is fundamental events are bullish, but weak. For the next 1-2 weeks we can expect a roller-coaster ride. Put in your stops.
tp0: .0869btc/eth
tp1: .0937 btc/eth
tp2: .1 btc/eth
I think tp0 and tp1 are highly likely to occur within 0 to 14 days tops. We have total crypto market capital reaching all time highs again.
Check my previous eth/btc and eth/usdt ideas...significant wins.
Note
stoch rsi 0,0rsi 22.35
price is well below 200 EMA. Price will swing back up toward 200 ema eventually.
indicators says eth/btc is way oversold
eth/usdt 4 hour
stoch rsi 0,0
rsi 21.4107, oversold
200 ema is ~310usdt
Note
this trade went sideways when China announced ICO ban. However, my entry was .067 to .072. I expect price to goto at least 4 hour - 200 ema ~.077btc/eth. Daily cloud shows the price can goto .094 to .104 area.To be clear 1hr and 4 hour stoch says overbought, but daily says oversold.
This tells me we can expect another dip for refuel, then perhaps a huge jump soon between the 1D cloud tail.
Note
So China announced ICO ban and a ban on cryptocurrency exchanges within China. They ordered all exchanges to shut down and produce records of transactions. This news created a disruption in the overall cryptocurrency market. Total market capital fell from 180 Billion USD in early September to below 100 Billion USD on September 15, 2017. Don't worry guys, China likes to do crap like this all the time. Fundamentals say that anything China bans is a good investment: Google, Youtube, ICO(debatable), Bitcoin exchanges, cryptocurrency.Realistically, I suspect China will allow Bitcoin exchanges again. They do this bullshit all the time.
Note
I am long eth/btc. I suspect China and other countries are using this disruption to accumulate more Ethereum, Bitcoin, Litecoin, XMR, ZEC, etc. Total market capital for crypto is hitting 138.587B USD. It looks healthy enough to keep going. With Ethereum releasing Metropolis and also getting zk-snarks to confirm on testnet, I suspect price to go up further over the next six weeks. Fundamentals are mildly bullish. Technicals show 1hr, 2hr, 3hr, 4hr are forming a breakout pattern. Technicals show eth/btc is finding tons of support and is forming bullish ema crosses on multiple candle intervals. I'd like to caution price can break downward as it does not align perfectly with fundamental events, but the upside potential and likelihood is higher than the downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.