ETH.USDT (Y20.P4.E4).Looking to go long
Updated
Hi,
(ref. A.chart)
Gut feeling at this point that the ALTs will have its turn while BTC is creating a macro reversal or a continuation pattern.
Hence we are looking like having the 2nd day in a row getting a red on the BTC dominance daily candle, chart below.
Its too early to call it, but its just a feeling that we can have a few more days like this. while BTC domain tests 1 of 2 levels as per my chart.
I will not advise to go long on the ALTs yet until we have many days to confirm its a reversal or retracement level like in August.
I have noted that ETH.BTC pairing has hit a key support level (0.618 fib macro level) with a bullish divergence which is the reason its playing out.
Refer to my previous link for details
Further more, I revisited the macro and discovered some key point as per this chart and more below.
LINK is also doing a similar pattern, however ETH is much more advanced in passing and testing the inverted barr resistance now support.
I have it going to $830 but obviously some resistance levels along the way, there will be no straight line.
My thoughts:
========================================
If you havn't bought into ETH at $460 to $470, don't buy now over $500 as its likely to retest $483 to $500 in a day or 2.
I could be wrong it just depends how high this impulse goes from here.
Please give me a like or tick for this post
Regards,
S.SAri
Another perspective, similar to BTC today's chart
ETH.USDT dialy
ETH.BTC daily
ETH macor overview: found a new trend line that wasn't on my previous charts, which is the key one I believe.
BTCdominance daily. There is also a thought, if this is the cup and the handle is about to take place?
(ref. A.chart)
Gut feeling at this point that the ALTs will have its turn while BTC is creating a macro reversal or a continuation pattern.
Hence we are looking like having the 2nd day in a row getting a red on the BTC dominance daily candle, chart below.
Its too early to call it, but its just a feeling that we can have a few more days like this. while BTC domain tests 1 of 2 levels as per my chart.
I will not advise to go long on the ALTs yet until we have many days to confirm its a reversal or retracement level like in August.
I have noted that ETH.BTC pairing has hit a key support level (0.618 fib macro level) with a bullish divergence which is the reason its playing out.
Refer to my previous link for details
Further more, I revisited the macro and discovered some key point as per this chart and more below.
LINK is also doing a similar pattern, however ETH is much more advanced in passing and testing the inverted barr resistance now support.
I have it going to $830 but obviously some resistance levels along the way, there will be no straight line.
My thoughts:
========================================
If you havn't bought into ETH at $460 to $470, don't buy now over $500 as its likely to retest $483 to $500 in a day or 2.
I could be wrong it just depends how high this impulse goes from here.
Please give me a like or tick for this post
Regards,
S.SAri
Another perspective, similar to BTC today's chart
ETH.USDT dialy
ETH.BTC daily
ETH macor overview: found a new trend line that wasn't on my previous charts, which is the key one I believe.
BTCdominance daily. There is also a thought, if this is the cup and the handle is about to take place?
Trade active
Forgot this, this is a continuation from my previous post.
Note
Note, btc dominance, bearish div. Now the daily has hit the 10/20 ema which was the trend. If, stating IF BTC dominance breaks this 10/20 ema ribbon, its ALT season.Meaning we have a daily open and close below this ribbon.
Note
hit 1st targetNote
Its hit the monthly resistance.Note
I flipped to BTC as BTC dom. is better at the moment against ETH.Note
$618 NEXT if it holds this levelNote
If you missed out, join the trend on this time frame and buy the dip.Note
at the medium macro level, we have hit a strong resistance, which might require a pullback below 600Trade closed: target reached
I think the top for this session is done on ETH, based on this chart and today's price action. That pullback is now in action
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This community has signals now but with no risk management comms.
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