SHORT
- Downtrend
- Head and Shoulders Top
- BTC about to make a new BULL run- this creates arbitrage
- Ichimoku Cloud Provides Resistance- preventing northbound movement
Forecast
- price action has just completed a fractal head and Shoulders top on the smaller time frame
- the Chart is oversold and looks to rally on the short term north bound- indicators support short term upward movement
- wait to short until bounce has played out
Entry
RISKY- buy on reversal of short term BULL rally
Normal- buy on breakout of trend line made by the large H&S top pattern
Add Qty- when BTC breaks out north, add quantity to the short position in ETH as arbitrage is strengthened
Time Frame-
-Mostly depended on BTC- Looks like BTC needs a few days to coil for the launch into the new BULL price cycle
- best guess 3-6 days
- Downtrend
- Head and Shoulders Top
- BTC about to make a new BULL run- this creates arbitrage
- Ichimoku Cloud Provides Resistance- preventing northbound movement
Forecast
- price action has just completed a fractal head and Shoulders top on the smaller time frame
- the Chart is oversold and looks to rally on the short term north bound- indicators support short term upward movement
- wait to short until bounce has played out
Entry
RISKY- buy on reversal of short term BULL rally
Normal- buy on breakout of trend line made by the large H&S top pattern
Add Qty- when BTC breaks out north, add quantity to the short position in ETH as arbitrage is strengthened
Time Frame-
-Mostly depended on BTC- Looks like BTC needs a few days to coil for the launch into the new BULL price cycle
- best guess 3-6 days
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.
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.