Still short on this

BITFINEX:ETHBTC   Ethereum / Bitcoin
Give me a pullback to the lower cloudlimit. If yes, then throwback direction the trendline .
Comment: Not satisfying, waiting.
Order cancelled: Looks now like a reversal setup, next time :)

Comment: Setup finally played out. I looked for signals on Lower TF and found something usable on the 30mn.
You can see on this pic the resistance levels as the red rectangle. It is interesting to see that they are the exact kumo levels on this setup.
Trade was safely playable IMHO entering at the red rectangle break out, closing trade above the trend line at the 0.083+ level (That is also the next resistance level). You can see that despite volatility the price stayed below Kijun for a longer time.
For me the bottom has been hit. Lower descending trendline resisted, now heading to higher descending tradeline , 2h good kumo break just happened.
Time to start looking for longs ... and to end this post !
Look as well at the behavior of BTC/USD for the next 10 days. BTC/alts counter correlation is happening strongly.

Good trade !


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