ETH quick update. Time to shine... Clawing its way back to 400$
The stuff I was talking about a few months ago, BTC ETH and maybe LTC taking turns, there is always one "leading the charge" up or down.
Now ETH got super weak, so it is its time to go up hard. Already up 30%, another 30% to go. GG
We can see the daily RSI got below 20, I expect(ed) a rocket bounce, we are halfway there.
I do not think it goes much higher, but even if it does, it will very probably retrace on 400$, I am waiting for ETH to get there to short it.
MacD cross on the 12HR which is very reliable
Let's get an ABC there, that would be just right. Going to keep an eye. Also going to watch where Bitcoin goes, 7200 or 8500$ or something.
I need to check whether bitmex has volume on ETHER.
I have this count.
Oh btw, do you see how pathetic ETH was while BTC was going up so much? It was predictable I guess that when BTC would drop, ETH would drop much harder.
Now ETH is bouncing harder but I think it will still go down much more than BTC.
I think this count is pretty good. Let's see now...
If BTC drops from 7000 to 5000 that is a 40% drop, ETH going from 400 to 200 is a 50% dip. So well, idk the difference is not that big.
I will only trade ETH if I see it is worth it. I should have went long ETH rather than BTC, but I did not have everything set up, did not want to bother.
Next time...
Now ETH got super weak, so it is its time to go up hard. Already up 30%, another 30% to go. GG
We can see the daily RSI got below 20, I expect(ed) a rocket bounce, we are halfway there.
I do not think it goes much higher, but even if it does, it will very probably retrace on 400$, I am waiting for ETH to get there to short it.
MacD cross on the 12HR which is very reliable
Let's get an ABC there, that would be just right. Going to keep an eye. Also going to watch where Bitcoin goes, 7200 or 8500$ or something.
I need to check whether bitmex has volume on ETHER.
I have this count.
Oh btw, do you see how pathetic ETH was while BTC was going up so much? It was predictable I guess that when BTC would drop, ETH would drop much harder.
Now ETH is bouncing harder but I think it will still go down much more than BTC.
If BTC drops from 7000 to 5000 that is a 40% drop, ETH going from 400 to 200 is a 50% dip. So well, idk the difference is not that big.
I will only trade ETH if I see it is worth it. I should have went long ETH rather than BTC, but I did not have everything set up, did not want to bother.
Next time...
