ETH ANALYSIS
Hoy vamos a analizar el par BTC/ETH que tras un bull run de un par de meses ha sufrido un retroceso, volviendo a valores vistos a mediadios de Julio. Vamos a verlo en el gráfico semanal.(lado izquierdo)
After the recent analysis of the dominance between BTC/ALTs we are going to see today how the main competitor of BTC and the main ALT is in Marketcap. The last few months have seen a rather sharp rise in ETH with respect to its BTC pair, which has meant a very considerable rise against the dollar.
Today we are going to analyze the BTC/ETH pair which after a couple of months bull run has suffered a decline, returning to values seen in mid July. We will see it on the weekly chart.
ETH/BTC WEEKLY
Con esta idea para mi se abren dos posibilidades basicamente, que irán en consonancia del gráfico BTC.D que puse en mi post anterior. El camino verde es si el rebote actual se consolida en un nuevo bullrun que pueda al menos llevarnos a los mismos niveles alcanzados el mes pasado. El camino rojo será continuar la caida hasta hacer retest de la linea de tendencia, que en algun punto de diciembre tambien coincidiría con otro nivel importante de 0'0213. Para poder decidir echaremos un vistazo a TF mas cortos.
With this idea for me two possibilities are opened basically, which will go in line with the BTC.D graphic I put in my previous post. The green way is if the current bounce is consolidated into a new bullrun that can at least take us to the same levels reached last month. The red way will be to continue the fall until making a retest of the trend line, which at some point in December would also coincide with another important level of 0'0213. To be able to decide we will take a look at shorter TF.
ETH DAYLY
ETH 4h
Por un lado vemos que ha habido un pico muy importante de volumen (el mayor en varias semanas) con una subida de precio que ha venido rompiendo la racha de bajada que veníamos acumulando. Esto ha provocado la divergencia con RSI que se puede observar, otro claro signo de reversal.
Para terminar de afianzar esta posición habría que romper la barrera del EMA50 que ha hecho de resistencia, a ver si rompe por encima para seguir la tenencia que se acaba de originar.
On the one hand we see that there has been a very important peak in volume (the largest in several weeks) with a price increase that has been breaking the downward trend that we had been accumulating. This has caused the divergence with RSI that can be observed, another clear sign of reversal.
In order to consolidate this position, it would be necessary to break the EMA50 barrier that has acted as a resistance, and see if it breaks above it to continue with the holding that has just begun.
Espero que os haya gustado. No es consejo financiero ni soy profesional de las finanzas. I hope you enjoy, not financial advice.
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