Ethereum to $2.80 / Bitcoin to $280 in March-May 2019 Scenario
ETH/USD and BTC/USD are currently inside similar channels on the 1 day chart, almost freefalling down the channel at times.
The edges of the channel have been prime shorting zones for approximately the past 6 months, the Fibonacci lines been good to take profits & reset the trade.
Ethereum could be back at the 10% of Bitcoin mark in this case.
If these parallel channels are not broken, we could see some really low lows and a period of accumulation (this could be the time to start getting in for long-term holds) and eventually start seeing higher highs on the way back up in the 2nd half of 2019.
The edges of the channel have been prime shorting zones for approximately the past 6 months, the Fibonacci lines been good to take profits & reset the trade.
Ethereum could be back at the 10% of Bitcoin mark in this case.
If these parallel channels are not broken, we could see some really low lows and a period of accumulation (this could be the time to start getting in for long-term holds) and eventually start seeing higher highs on the way back up in the 2nd half of 2019.
Comment:
My apologies - ETH 1%(not 10%) of BTC
Comment:
We're still in the channel.
Comment:
We are right at the edge of the ETH channel!
BTC Channel is close, too.
BTC Channel is close, too.
Comment:
They touched and both have dropped down.