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Stochrsi-overbought

ETH/BTC - short term pullbackETH/BTC has broken out of it's long term downtrend and made an impressive move over the last days but now it looks like a great place to take some profit and buy back in lower. The reason for that is: 1. ETH/BTC shot right through the daily 200 MA and hasn't had a proper correction since. Now it's very close to the daily 314 MA and will likely bounce off it and retest prior levels. 2. It's at the top of the current channel 3. Daily StochRSI is very high and likely to cycle down soon 4. Significant bearish divergence on the hourly timeframe which is also visible on the ETH/USD pair (see comment below for chart) Long term it looks bullish to me so consider this a short term setup.
Short
by Wolfy_
BTCUSD showing weakness on higher TF Disclaimer: this is my first idea on tradingview. Despite showing some strength in lower TFs, BTC price appears to be topping out here, as evidenced by an imminent bearish signal line crossover on the 8H MACD. I forecast a substantial price drop in the next day or so, especially since the stochRSI is also showing that it's about to go over a cliff. My plan: Looking to reload at a major support level below when multiple indicators signal a potential bounce or reversal. Alternatively, looking to buy in (possibly with a stop) if the opposite scenario unfolds and the price unexpectedly goes up. It has been a great run but all good things must come to an end. Remember, the market works in cycles, just like everything else in the universe. Bitcoin's time to shine will come again.
COINBASE:BTCUSDShort
by zycerp
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