ETHBTC potential reversal to correction, hence ETH's upthrust

11 בנוב׳ 2020

In the video I demonstrated how to probe a potential reversal to upward pressure by virtues of the white energy-red RSI race concept introduced by the inventor of the indicator. I was very sluggish. The network problem took the rhythm out of me. But what we are seeing here is we need to have a strong upthrust in the 1W timeframe in ETHBTC pair for the white energy to win the race against the red RSI in the 2W timeframe. If it indeed wins at the close of the next 1W candle, then we stand a much better chance to see a beginning of a reversal to this current episode of mid term correction in ETHBTC. If ETHBTC is ready to have a run of its own, then we know that ETH would likely have a upthrust in price in the mid to long term future.







First indicator is Phoenix Ascending 2.121 by user @WyckoffMode.