Inverse Head and Shoulders
We can see in the daily time frame that an Inverse Head and Shoulders has formed.
Because the link between BTC and ETH is there we need to keep an eye on what BTC is up to. If it breaks the current level its at now and you see a daily close of the BTC daily candle below 9200/100 this might start a sell of BTC and a move down.
194.70 is the best place to buy in, wait for conformation of a move up, we could see a small move up and then a slight correction to the neckline and then a bigger move up, that's the time to buy in.
Please like if you agree and help me learn, I need the encouragement.
Wolf
(a NOOB so dont take my advice as im still learning)
Because the link between BTC and ETH is there we need to keep an eye on what BTC is up to. If it breaks the current level its at now and you see a daily close of the BTC daily candle below 9200/100 this might start a sell of BTC and a move down.
194.70 is the best place to buy in, wait for conformation of a move up, we could see a small move up and then a slight correction to the neckline and then a bigger move up, that's the time to buy in.
Please like if you agree and help me learn, I need the encouragement.
Wolf
(a NOOB so dont take my advice as im still learning)
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.