My previous analysis of BTC.D got confirmed with weekly closure as bearish SFP for Bitcoin against ALTS. Hence here is a chart for you with a very nice opportunity to long ETH against BTC with superb R/R!
Reasons to enter: 1. We are at the bottom of a massive falling wedge on Weekly chart. 2. On the Daily chart, there is a possible stop hunt. 3. RSI on Weekly is EXTREMELY oversold and is holding at 24. 4. We are holding at very strong support. If it fails
Strategy: Wonderful Risk/Reward Ratio = 10.27 Entry: around 0.01740000 Stop loss: 0.01453000 Target 1: 0.03573000 Target 2: 0.08493000
Wait for a follow up Daily chart on my profile. Trade safe!
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.