50/200 MA crosses are strong trend indicators on any time frame from the 5 minute for scalping, to the daily for long term trends. The 50 MA recently crossed bullish over the 200 MA on the daily time frame and the last time this happened ETHBTC increased by 530% from the low after the cross to the peak before it came down again. If this happened again it would put ETHBTC at almost 0.6. By no means am I saying this will happen again, nor is it even that much of a possibility, it is simply to demonstrate the the bullish upside for this coming trend is huge and these levels may never be seen again. Trade accordingly. Entry: 0.096 Exit: 0.155 (ATH) Stop Loss: 0.0927
P.S as bitcoin is going to pump because of its addition to RobinHood trading app, as will ethereum for the same reasons.
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Strong test pump, expect consolidation around 0.1 for a few days, great time for new/more entries.
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The same 50/200 MA bullish cross trend is occurring on the 12H chart also, with just slightly more immediate bullish/bearish signals. The 12H 50 MA is currently sitting perfectly in line with the uptrend line providing an excellent strong entry point at 0.0972.
Trade geschlossen: Stop wurde erreicht
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This trade is sidelined for now, wait for the bounce.