Ethereum / Bitcoin
Updated
Hello!
Here we can see ETH/BTC.
Orange trending line shows the price suppression trend and Red Circles how many times we have tested it. (More times tested = more likely price will break)
We did already break it on 6th try on RSI and price action so the trend has already "basically" been broken.
We did come to 0,033 - 0,034 support levels which I did say is a possibility in the last analysis. (Last analysis)
If you check the volume yourself on 1hr you can see there came a spike of buyers. (oh well I'll add it ;)
Here we have quite strong supports for my eye.
- If you look left we have strong structual support levels here
- Weekly 20 EMA is 0,034
- Daily RSI support and 200 EMA (0,0323. I'll add picture)
Risk I see here is Bitcoin Dominance breaking or Btc starting to drop hard.
In trading you have to be flexible so just in case we drop more I marked even stronger structual support 0,032
I'll make analysis about Btc Dominance as soon as I have time
..If you like my shit give a like..
If you do take trades and are not holding for long-term use stop loss.
Otherwise you will get your ass burned!
Jebu
Here we can see ETH/BTC.
Orange trending line shows the price suppression trend and Red Circles how many times we have tested it. (More times tested = more likely price will break)
We did already break it on 6th try on RSI and price action so the trend has already "basically" been broken.
We did come to 0,033 - 0,034 support levels which I did say is a possibility in the last analysis. (Last analysis)
If you check the volume yourself on 1hr you can see there came a spike of buyers. (oh well I'll add it ;)
Here we have quite strong supports for my eye.
- If you look left we have strong structual support levels here
- Weekly 20 EMA is 0,034
- Daily RSI support and 200 EMA (0,0323. I'll add picture)
Risk I see here is Bitcoin Dominance breaking or Btc starting to drop hard.
In trading you have to be flexible so just in case we drop more I marked even stronger structual support 0,032
I'll make analysis about Btc Dominance as soon as I have time
..If you like my shit give a like..
If you do take trades and are not holding for long-term use stop loss.
Otherwise you will get your ass burned!
Jebu
Note
1 Hour volumeNote
Daily 200 EMA did work as support twice in January. Will it repeat?
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