It's been a long time since i have published a /BTC pair chart. I don't really like to do it for some TA reasons. But there is a massive pattern we can't ignore anymore. NOTE that the stop-loss is particularly important in this trade : symmetrical triangle can break both way (50%) and for now the hasn't confirmed the BREAKDOWN (but is not very reliable in /BTC pair), because there is a breakdown for now i think it could be interesting to sell ETH to BTC -0.39% (or even better to fiat). ETH enjoys triangle : last time he breakout of a similar triangle it was in November and ETH ran from 400$ to 1400$ in absolutely no time. Today ETH is looking for a breakdown unfortunately and i think the previous low of 0.022 is a decent first target with a potential V bottom due to some excessive panic sell to 0.013. In a bigger count, i think this massive triangle is only a part of the wave 4 on 5, in this case wave 5 would create a new ATH -1.03% for ETH/BTC 8.77% pair in the coming years.
But for now yes, a -75% correction for ETH/BTC 8.77% is possible and in a BTC/USD bear trend it could be very hard to sustain for holders. So i just want to warn people who are not able to hold for years (or at least months).
I don't like to post but in this case the breakdown could be in link with this : https://bitinfocharts.com/comparison/eth... If there is blockchain analysts or we know something about this spike please tell me it in comment.
As Always i'm not financial advisor, i do it for my personal training and entertainment.
Feel free to post a comment, give me a LIKE and follow for more updates. Have a lovely day.
2018 will probably be my best year of trading.
Last 3 positions : +45% leveraged 3 (Take care of the wyckoff)
-3,8 % on SPX
+ 43% here (position not close but partial profil have been filed at TP1).
Bonus one : my Litecoin short position from april still in play. This is pure free money. Will close it at 35$ or if we break over 70$ again.
How much people are giving you result like this for free on TV ? I would love to know haha. Thanks to like, share and follow :).
I expect ETH/BTC to keep falling in the coming days/weeks. Next strong support are on the chart.
Have a good day everyone.
Which is your new target for ETH/BTC?
Now it seems to be using the resistence of 35xxx sats as new support...
Do you think the bottom will be 0.022 or 0.013?