ETH/BTC - 1W - Sell Signal
I don't follow many charts but ETH/BTC is one of them.
Last week printed a sell signal based on my RSI divergence strategy :
- First high > RSI 70
- Second high closed above upper BBand AND RSI > 70.
Moreover there is bearish price action (price going up and volume going down).
There are two reasons that can make ETH/BTC pair drop :
1 - BTC pump more than ETH
2 - ETH dump more than ETH.
#2 is more probable IMO, but I can be wrong.
Target : 200EMA
Invalidation : Weekly close > RSI 70
Trade safe.
Last week printed a sell signal based on my RSI divergence strategy :
- First high > RSI 70
- Second high closed above upper BBand AND RSI > 70.
Moreover there is bearish price action (price going up and volume going down).
There are two reasons that can make ETH/BTC pair drop :
1 - BTC pump more than ETH
2 - ETH dump more than ETH.
#2 is more probable IMO, but I can be wrong.
Target : 200EMA
Invalidation : Weekly close > RSI 70
Trade safe.
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