ETH.BTC (Y20.P6.E3).The missing piece?
Updated
Hi All,
(ETH chart, ETH.BTC and BTC chart)
Note, this is a continuation of my previous post, link provided below.
Many have been drawing ETH.BTC pairing incorrectly including me because the exchange data we used was in-complete.
Poloniex has a longer history on this (below) and hence what appeared to be ETH falling below support\channel was actually not the support bottom.
The charts below illustrate this.
On the weekly and monthly, I have an inverted H&S formation.
A question with doubt is this, Are we still in a downward channel or an inverted H and S play?
Until we break this black top lead in trend line, I will not go 100% in to go long.
We must break and hold it.
For the short term, I see the 0.38544 sotashi as the main resistance which equates to the monthly and weekly resistance as well
====================
WEEKLY POLONIEX chart:
====================
We have 2 perspectives which both complement each other and state that ETH.BTC is on the reversal, in my opinion.
Note how the fib levels align with the big macro structure and also the support and resistance levels.
I do have the weekly indicators turning upwards however on the Phoeix indicator, the red RSI has not passed the 50% level although the other indicator elements have, stating upward pressure.
Another perspective, bearish
1 more perspective
The macro weekly chart with both Monthly and weekly resistance levels
====================
My thoughts on key levels
====================
My thoughts on BTC for now
tradingview.com/chart/PGvc9nWs/
Please give me a like or tick for this post,
Regards,
S.SAri
(ETH chart, ETH.BTC and BTC chart)
Note, this is a continuation of my previous post, link provided below.
Many have been drawing ETH.BTC pairing incorrectly including me because the exchange data we used was in-complete.
Poloniex has a longer history on this (below) and hence what appeared to be ETH falling below support\channel was actually not the support bottom.
The charts below illustrate this.
On the weekly and monthly, I have an inverted H&S formation.
A question with doubt is this, Are we still in a downward channel or an inverted H and S play?
Until we break this black top lead in trend line, I will not go 100% in to go long.
We must break and hold it.
For the short term, I see the 0.38544 sotashi as the main resistance which equates to the monthly and weekly resistance as well
====================
WEEKLY POLONIEX chart:
====================
We have 2 perspectives which both complement each other and state that ETH.BTC is on the reversal, in my opinion.
Note how the fib levels align with the big macro structure and also the support and resistance levels.
I do have the weekly indicators turning upwards however on the Phoeix indicator, the red RSI has not passed the 50% level although the other indicator elements have, stating upward pressure.
Another perspective, bearish
1 more perspective
The macro weekly chart with both Monthly and weekly resistance levels
====================
My thoughts on key levels
====================
My thoughts on BTC for now
tradingview.com/chart/PGvc9nWs/
Please give me a like or tick for this post,
Regards,
S.SAri
Note
potential play in the short term.Note
Current chart on ETH.USDT.I will look for an entry level to leverage long.
Found support
Note
A better perspectiveNote
ETH.BTCNote
Trade active
at the micro level, looing goodTrade closed: target reached
I didn't see the inverted barr target, and hence the target has been reached. Next post that continues this 
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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