$ETH Trade Targets Posted on our Blog. Heading Lower Still $AAPL
BotTrigger Crypto Trade Update: $ETH nothing has changed from the original analysis as of yet. $ETH is indeed en route to test the lows. That's what this whole move is predicated upon. Let me distinguish something very clear here. V-recovery formations where positions tank & then immediately V shoot off the lows and recover are very very rare patterns. They statistically are low probability occurrences. Everyone who made long bets on $ETH that this was going to be it's future after this whole down trend was sorely mistaken. Most crypto-knights in this space have no idea what a correction or crash really looks like. They're blinded from it in part largely because they are part of a cultural human-hood enfamed & emboldened around HODLing, Lambos, & Mooning. We love the crypto anthem & the energy around it...but we still need to extrapolate the objective technical evidence as it present itself and play our hand according to high probability setups that transpire in this space, no less. We will get long in a big way when this resolves itself. Right now there are a plethora of long setups that are developing on PotCoin POLONIEX:POTBTC, Golem GNT, Siacoin SC, POLONIEX:BURSTBTC, POLONIEX:REPUSDT and some strong others that are ever getting closer to major ripe zones for a strong counter rally. Too many setups are at the precipice of a major move higher, BUT the 2 Kings of the court, ETH & BTC need to make a stand.
It needs to purge out fear, nervousness, an uncertainty. What
ETHBTC
is doing right here is janglin around a bit, then trickling lower in stages. We don't want to see it jangle around. What we want to see is for ETH to get on with it and seriously puke this move out and get down towards the $230 area...then BULL SHOOT a massive bullish engulfing candle bar on the hourly that takes it from $230 to $250 in an hour. That right there is a WAY BETTER outcome. You want to see that. What it's currently doing here around the $270 area is a song & dance play. It's buying time, consolidating than stair-stepping lower. Instead, you want to see AUTHORITY come into the name.
The BotTrigger trend signal is still showing the down trend is in play. When it flips green on this hourly time frame it has a nearly perfect track record. We can expect the $250 to area to act as the next zone where ETH would reasonably attempt to stage a strong counter rally. But as I mentioned, a more attractive setup is to see it plunge lower and then reverse that whole plunge and close $20+ points on the hourly time frame. Right now the momentum oscillators are still showing that this downtrend has more room to the downside. So we will have to see a pilot of indicators confer with one another before taking any of these bull bars seriously. We need an alignment of bullish crossovers on MACD, Stohastics & most importantly PRICE ACTION & VOLUME to come in on this next move. That will be a very strong buy signal. For now we're still in wait mode.
BTCUSDT
It needs to purge out fear, nervousness, an uncertainty. What
ETHBTC
is doing right here is janglin around a bit, then trickling lower in stages. We don't want to see it jangle around. What we want to see is for ETH to get on with it and seriously puke this move out and get down towards the $230 area...then BULL SHOOT a massive bullish engulfing candle bar on the hourly that takes it from $230 to $250 in an hour. That right there is a WAY BETTER outcome. You want to see that. What it's currently doing here around the $270 area is a song & dance play. It's buying time, consolidating than stair-stepping lower. Instead, you want to see AUTHORITY come into the name. The BotTrigger trend signal is still showing the down trend is in play. When it flips green on this hourly time frame it has a nearly perfect track record. We can expect the $250 to area to act as the next zone where ETH would reasonably attempt to stage a strong counter rally. But as I mentioned, a more attractive setup is to see it plunge lower and then reverse that whole plunge and close $20+ points on the hourly time frame. Right now the momentum oscillators are still showing that this downtrend has more room to the downside. So we will have to see a pilot of indicators confer with one another before taking any of these bull bars seriously. We need an alignment of bullish crossovers on MACD, Stohastics & most importantly PRICE ACTION & VOLUME to come in on this next move. That will be a very strong buy signal. For now we're still in wait mode.
BTCUSDT