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.
I didn't mean to come across as an asshole with the comment about the "title." I only wanted the conversation I was starting about BTCUSD and ETHUSD in relation TO ETHBTC to lead to what this publication actually conveys. Which is Bitcoin going up more in USD value than ETH in USD value. At least for the near term. That's all I was up to.
Anyways, thanks again for your thoughts and keep up the great analysis. You're worth a FOLLOW in my book and I want to encourage others to follow you as well.
Good day, Sir.
By the way, I've been following you for quite a while already.
A pleasure to read you again, and feel free to send me PM if you want to discuss it more deeply :).
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?