ETH/BTC - Wyckoff an., RSI-14 supp., daily (acc. before Dec.)
Dear Everyone,
I would try to make a simple Wyckoff analysis of ETH/BTC using daily candles. The Wyckoff analysis I would try to support using RSI-14 indicator as the one shows oversold and overbought areas.
The RSI-14 showed little oversold area first time in the range of couple of weeks. That would may suggest that we went in accumulation phase. So, there would be possible to find some patterns corresponding to Wyckoff models indicating going into accumulation phase. Appropriate Wyckoff patters I tried to put on the chart.
If we just went into the accumulation phase, probably it might be related to ETH 2.0 launch at December 1st.
With kind reards,
Paweł
I would try to make a simple Wyckoff analysis of ETH/BTC using daily candles. The Wyckoff analysis I would try to support using RSI-14 indicator as the one shows oversold and overbought areas.
The RSI-14 showed little oversold area first time in the range of couple of weeks. That would may suggest that we went in accumulation phase. So, there would be possible to find some patterns corresponding to Wyckoff models indicating going into accumulation phase. Appropriate Wyckoff patters I tried to put on the chart.
If we just went into the accumulation phase, probably it might be related to ETH 2.0 launch at December 1st.
With kind reards,
Paweł