Quick ETHBTC Short Opportunity

Short

Ethereum / Bitcoin (BITFINEX:ETHBTC)

Mis à jour

BITFINEX:ETHBTC Ethereum / Bitcoin

trendanalysis ethbtc ethusd btc btcusd ethereum

ETHBTC has failed to break out of the downward trend after 3 attempts. Likely set up to re-test the .066 support level . I do sense a rumbling of BTC uncertainty that could drive BTC into ETH, which makes me tempted to take profits at .067 - .069

Commentaire:

Looks like it played out a little bit more gradually than I anticipated, but fairly accurate nonetheless. We are nearing our short target but it looks like we are still in the downward channel and likely to hit sub .070 soon.

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