Ethereum / BitcoinShort
ETH/BTC - 1W - Sell Signal
I don't follow many charts but ETH/BTC is one of them.
Last week printed a sell signal based on my RSI divergence strategy :
- First high > RSI 70
- Second high closed above upper BBand AND RSI > 70.
Moreover there is bearish price action (price going up and volume going down).
There are two reasons that can make ETH/BTC pair drop :
1 - BTC pump more than ETH
2 - ETH dump more than ETH.
#2 is more probable IMO, but I can be wrong.
Target : 200EMA
Invalidation : Weekly close > RSI 70
Trade safe.
Last week printed a sell signal based on my RSI divergence strategy :
- First high > RSI 70
- Second high closed above upper BBand AND RSI > 70.
Moreover there is bearish price action (price going up and volume going down).
There are two reasons that can make ETH/BTC pair drop :
1 - BTC pump more than ETH
2 - ETH dump more than ETH.
#2 is more probable IMO, but I can be wrong.
Target : 200EMA
Invalidation : Weekly close > RSI 70
Trade safe.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.