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$ETH & $BTC PUMP but what does this mean?
Ethereum Futures
$ETH & $BTC PUMP but what does this mean?
由ROYAL_OAK_INC提供
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2023年1月16日
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2023年1月16日
This is a copy paste & apologize can't show all charts spoken about here
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1
ETH
RSI = 86
MUST USE
BTC
#FUTURES as derivatives DICTATE price & NOT SPOT #BTC
This = why most Influencers get calls wrong
Truthfully, most don't have real chart skills
Historically, RSI has been higher 5/21 top
RSI is STRONG = good sign
-
2
We surmised #crypto pump was incoming
Call it experience
Daily
ETH
broke 2 resistance areas within week
VERY GOOD, both with ease & okay volume
WEEKLY RSI + trading⬆️both Moving avg = GOOD
#ETH getting closer to light blue area
This is #ethereum REAL TEST
#Crypto
-
3
BTC
won't be outdone by
ETH
Also⬆️10% & broke resistance EASILY
Volume on daily IS GOOD
ALSO, like #ETH, #Bitcoin has GAP to fill
Likely fill before BULL rally
Don't think #BTC breaks LONG TERM DOWN TREND on 1st try, but who knows
Have 2 say, FEELS lil different
-
4
BTC
RSI is 90.6
#BTC hit this few times in 19 & 1x in 20 & 21
ALL TIMES, except 21, traded sideways after
= #bitcoin CONSOLIDATION for NEXT PUMP
21 = SMALL pullback for more PUMP
Slight exception 1st time in 19, begins bull
*DIFFERENCE, we're in BEAR vs that was BULL mkt
-
5
This #bitcoin & #Ethereum🧵can be MUCH LARGER but will only mentioned the important
Weekly
BTC
, see RSI?
Only 1x closed🧵⬆️50 but NO FOLLOW THROUGH
Currently HIGHEST in down trend!
Like
ETH
, don't think #BTC downtrend broken 1st try
GAP on WEEKLY, will be attracted to it
-
Way tough to call #BTC bottom
See current pinned post on
BTC
bottoms
Signs are coming in AGAIN
It's also GREAT that #Bitcoin is "leading", ot the very least, NOT LAGGING
ETH
& #altcoin
Time will tell but this FEELS different than other 2 potential bottoms
BE PATIENT
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