Ethereum has more short term potential than Bitcoin!

As you can see from the graph ETH is in a great short term position vs BTC.

Here are the reasons:
- we have a clear pattern nicely connected to ETH SHORTS
- Stoch already crossed on the upside
- WT indicator crosses now
- CCI is oversold
- RSI also in oversold territory

Seems like better players will play a similar scenario again.
First goes BTC and when recreational traders get convinced that we turned, good professionals are already using the opportunity with even better trade potential.

PS: It's not investment advice. It's just an idea! ;-)

コメント:

As you can see from the graph ETH is highly manipulated and produces bounces in connection to the indicators shown below. It is to be expected that similar bounce will happen as it has happened several times before when RSI was in the oversold zone and STOCH made higher high lows.

The main consideration for this scenario not to happen is that on the previous bounces we also had volumes going steadily up which was followed by the push which is not the case at the moment. Volumes are actually still on the downtrend. However, when BTC finishes the run we projected before, it is probably time for ETH to make that bounce again. At that point, ETHUSDSHORTS should already reach the bottom line.

コメント:

Example of how ETH usually raises more than BTC when bulls take over the market again. It also falls down much harder, so it can be traded both ways. ways.

コメント:

Sometimes it might be tricky to catch the bumps in generally bear market. If trader want's to play more secure he or she can wait for the midterm trend to change. We might be closer to that trend change than we might think. Check the comparison to previous bull cycle.