Mclobster
@t_Mclobster
What symbols does the trader recommend buying?
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Mclobster
The Bitcoin top is many months away according to the monthly RSI. Looking at the previous tops 2013,2017 and 2021 the rsi on the monthly topped out at 91-97. It's currently at 78 so if this top resembles the previous tops we have a few more months to go on this bull. Also there is a chance for a double top on the rsi like in 2013 and 2021 in which case we have additional months left. Interesting to see that the top in 2022 didn't correspond to a new top in the rsi which is in line with my feeling of that the sentiment top was in fact in 2021 not in 2022.
Mclobster
The ETH/BTC price is following a very structured path. It bottoms before the bitcoin halving and then goes on a bull run. It's also formed a triangle which could now be tested on the downside. If it bounces it could lead to a very strong rally. The monthly stoch RSI is also in a bottoming formation.So far so good. ETH/BTC has entered the green channel where I'm looking for it to bounce. It's currently oversold (RSI) on all time frames.Also the sentiment for ETH vs BTC seems to be rock bottom. Hard to find any bulls atm. Everyone expecting btc to keep outperforming. This is telling me something.This hasn't had the explosion to the upside yet but timing is very difficult. I see extreme strength in that ETH/BTC has hung in there in this zone without dipping lower despite the enormous buy pressure from btc. I think it's just a matter of time now. In general it's still follwing the trends from previous cycles.
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