ETH.BTC (Y20.P1.16).MACRO.Keep an eye on this
Updated
Hi All,
I have seen many tweets about the ETH \ BTC paring weekly chart.
Many say that it has a massive potential.
So I thought I share this and point out a few things that are obvious and see what others think, would be nice.
MY THOUGHTS:
a) Downward wedge, bullish breakout potential;
b) We seem to be at a support range, with the 1st bounce and a lower high;
c) Pre-requisite might be that BTC dominance needs to be dropping significantly (currently in progress);
d) Potential reversal pattern might be in play on the daily. 3 major touches on the bottom and two on the top will do it?
e) Looking for a breakout of this 1 Daily chart before considering entry (daily chart below);
f) Daily EMAs acting as resistance at the moment, this needs to be reversed (1 of the conditions);
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
(for my reference > Master.copy chart)
ETH\BTC Daily chart
I have seen many tweets about the ETH \ BTC paring weekly chart.
Many say that it has a massive potential.
So I thought I share this and point out a few things that are obvious and see what others think, would be nice.
MY THOUGHTS:
a) Downward wedge, bullish breakout potential;
b) We seem to be at a support range, with the 1st bounce and a lower high;
c) Pre-requisite might be that BTC dominance needs to be dropping significantly (currently in progress);
d) Potential reversal pattern might be in play on the daily. 3 major touches on the bottom and two on the top will do it?
e) Looking for a breakout of this 1 Daily chart before considering entry (daily chart below);
f) Daily EMAs acting as resistance at the moment, this needs to be reversed (1 of the conditions);
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
(for my reference > Master.copy chart)
ETH\BTC Daily chart
Note
Note
How are we progressing in this area? My thoughts, the Macd is still giving us good signs, its not telling us to avoid going in.I will keep monitoring it, looking for convergence (lower highs and higher highs) and candlestick bullish signs.
Note
WEEKLY Update: On the boarder of the 20 EMA.1 more week will tell us if the trend is a reversal.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
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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