TA is for probabilities. Nothing is certain, and no one should actually take anything here or on any of the graphs take for credit. DYOR. Read - a lot. Find what fits best to your way of trading. Be open to comments conflicting with your own view.
Assumptions:
1) BTC is in a bear market
2) BTC is not going to zero
3) Every bear market needs eventually a bottom;...
ETH is going down. A lot.
I prefer to check ETH vs BTC, rather than vs USD at this moment. It seems it is still highly influenced by BTC (and even though I think BTC will go up, I believe ETH will lag behind until it reaches proper support).
ETH fell through some key levels at 0.62 and has gone down steadily ever since. At this moment I don't see it hitting...
I have been keeping my fiat on the sideline every since January. Only small trades here and there. I like basic charts, straight forward.
Daily, weekly both look very tricky - by no means oversold (if any...rather the opposite) and with an 200MA to be touched again sometime soon....
At the 4h & 6h it looks exactly the same as it did with the last dip - and...
