ETH.BTC (Y21.P1.E12).Looking to go long

Hi Traders,

I was planning to do this yesterday however I got caught up with a few things, and today, I so far got it right based on the price action.

This is what I had drafted.

Revisiting ETH BTC pairing as I would like to find the moment ETH goes against BTC.
Note: This is a continuation of the previous post, link provided below.


Observations:
a) Daily has a hidden bullish divergence, which is either played out or playing out.
b) Fib level support, looking at the next fib as resistance 0.5
c) Passed the 10/20 daily ema
d) Indicator, MACD daily crossover and confirming hidden bullish div.
e) Indicator Phoeix, red and green RSI above 50%
f) Expanding funnel structure is usually bullish in nature and hence my thoughts go to the livermore model.

In regards to the inverse H and S, many thought that it was taking place. Not the case.


Time for the flip.

All the best,

S.SAri

ETH.USDT

daily > my thoughts, the 2nd daily has the Livermore count, I wonder if this will play out...if so, then 5k to 10k doesn't sound ridiculous.

weekly (yesterdays screen shot)

Kommentera:

note the macd crossover on the daily for both.
Note btc pairing, 10\20 daily ema now support