3 possible path i see playing out here. Manage your trade with possible structures.
Nota
Needs to close above 1630 on the 4 hr to keep bull trend in tact or we will likely see further downside.
Nota
Closed above 1630. I think we range for another day before we make a move out of this current range.
Nota
Bullish green rejected.
Nota
Looks like we're going to purple path. Manage your trade. Slight 4 hr bear div printing on the RSI.
Nota
Bearish divergence denied. Looks about time to long your longs. Manage accordingly.
Nota
RSI holding trend line so far. Upwards consolidation.
Nota
Again some bearish divergence. The apex of this move should play out soon.
Nota
Apex of this move. February 15h. I'm still bull bull bull, but just being cautious here. Watch for closes below the trend line to signify a reversal/correction. Hoping it still follow the purple line.
Nota
RSI breaking out to the upside!
Nota
Price and RSI needs to hold here to parabolic ascent.
Nota
Possible leading diagonal in red. Parabolic ascent in green. If you're in it manage your stops accordingly. If you're waiting to buy, possible opportunity incoming.
Nota
Looking rather suspect. This recent drop did trigger a lot of stop right above 1655. If it want to move higher it needs to do it here. Otherwise I think we see a good sized correction. Hope you have some dry powder to long your longs.
Nota
Given what BTC is doing, we can only assume that ETH will catch up. It's been ranging for longer than I expected. I expect (hope) to see a big mark up soon.
Nota
RSI looks good. It's been a slow mover, but finally moving up. Strong support at 1750 area.
Nota
Nota
Still closed in the wedge. Let's see if this can hold. Otherwise we go on for a little downward journey.
Nota
Sitting on RSI support. Hold here or the downward journey starts. POC is sitting at 1200's for this structure.
Nota
Also volume has been drying up a bit on the rise up. We need some serious sell volume to kick in for a bit of a reset imo.
Nota
Not a good close. I think the trend is over for now and correction is in order. Closing this trade.
BTCily Wassilyevich Kandinsky (16 December [O.S. 4 December] 1866 – 13 December 1944) was a Russian painter and (ch)art theorist. Kandinsky is generally credited as the pioneer of abstract (ch)art.
Também em:
Aviso legal
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.