There are some good fundamental reasons to be interested in ETH against BTC in a balanced crypto portfolio and I am also interested in a place to go long.
But I got stopped out after a fakeout around 0.02045. It has since risen but is forming a wedgey structure with no significant increase in volume which is a bit unconvincing from the bulls. We also have some bearish RSI divergence on small-mid timeframes.
Sure we could break up from here but that would not make it a good trade. A retrace on the balance of probabilities seems more likely. I will be looking for a better entry.
But I got stopped out after a fakeout around 0.02045. It has since risen but is forming a wedgey structure with no significant increase in volume which is a bit unconvincing from the bulls. We also have some bearish RSI divergence on small-mid timeframes.
Sure we could break up from here but that would not make it a good trade. A retrace on the balance of probabilities seems more likely. I will be looking for a better entry.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.