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DrJLT
1 janv. 2018 11:08

ETHBTC: can the reversal pattern be confirmed? 

Ethereum / BitcoinPoloniex

Description

Very simply review of 2017 & what we can look forward to in 2018.

I personally believe BTCUSD is still in a downward trend w/ H&S to be confirmed soon (it's now making lower highs & lower lows). In this context, many coins are going down against USD. With POS coming for ETH, I think it's interesting to look at ETHBTC.

In my previous post wrt ETH, I mentioned the ETH should be more resistant against selling. Against BTC, there's potentially

1. an inverted H&S forming, but volume hasn't been strong enough & the neckline isn't broken.
2. a rising wedge, which may lead to further falls.

In this context, we should use caution. My personal take would be to sit this one out & maybe invest in some cheaper coins with more upside potentials.

Commentaire

Commentaire

Confirmed reversal

Commentaire

Very bullish now. We may just see 0.15 again soon (esp if they have the POS fork).
Commentaires
imkeshav
Good call
Plus