Hi Cryptonauts !
Let`s take a closer look at the 4hour ETH/BTC Chart.
If the (BTC) bears go on like this , I think it will be a good opportunity to invest some bucks in ETH and cash up a little bit.
The MACD and the Stochastic RSI looks promising and indicate a rising course.
IMO, as soon as we pass the 0.786 fib Retracement, it`s a good chance to make some profit till we reach the next level at 0.618.
I am pleased about comments, likes and suggestions ! ;)
Let`s take a closer look at the 4hour ETH/BTC Chart.
If the (BTC) bears go on like this , I think it will be a good opportunity to invest some bucks in ETH and cash up a little bit.
The MACD and the Stochastic RSI looks promising and indicate a rising course.
IMO, as soon as we pass the 0.786 fib Retracement, it`s a good chance to make some profit till we reach the next level at 0.618.
I am pleased about comments, likes and suggestions ! ;)
Trade closed: target reached:
Hey Cryptofriends!
I hope you did not develop weak knees at this pump-and-dump ralley and have remained staible and have collected your profits !
1. Target:
The first target that we aim for is 0.08 ETH/BTC
Strategy:
Take Profits at 0.08 and wait until you are more confident about the current BTC trend
Idea behind the strategy:
In my opinion, the BTC is still in a downward trend, which currently makes only a short stopover.
However, I assume that the btc trend can be determined more precisely in the next few hours.
So if the Bitcoin breaches the resistance at around 8200$, it is likely to fall very steeply, perhaps even sinking to about the next fib retracement of about 6,000$ / BTC.
This will probably result in a lot of panic sales and thus pulled the money from the altcoins. As a result, the ETH course is falling too.
However, if the bullish colleagues decide to get out of bed and make their contribution, we have our profits safe and can target the next target of 0.082 ETH / BTC.
I hope you did not develop weak knees at this pump-and-dump ralley and have remained staible and have collected your profits !
1. Target:
The first target that we aim for is 0.08 ETH/BTC
Strategy:
Take Profits at 0.08 and wait until you are more confident about the current BTC trend
Idea behind the strategy:
In my opinion, the BTC is still in a downward trend, which currently makes only a short stopover.
However, I assume that the btc trend can be determined more precisely in the next few hours.
So if the Bitcoin breaches the resistance at around 8200$, it is likely to fall very steeply, perhaps even sinking to about the next fib retracement of about 6,000$ / BTC.
This will probably result in a lot of panic sales and thus pulled the money from the altcoins. As a result, the ETH course is falling too.
However, if the bullish colleagues decide to get out of bed and make their contribution, we have our profits safe and can target the next target of 0.082 ETH / BTC.
First of all take a look at the Chart:
As expected, ETH/BTC continues to increase as long as BTC/USD continues to fall.
BTC/USD breaks the primal Uptrend, so IMO it`s again a good opportunity
for those who have not yet redeployed in ETH,till we reach the 1. support line.
If BTC bounces back, take the profits - If BTC doesn`t bouce back , take the profits from ETH/BTC ( and change back if BTC rise again )
As always I am pleased about your opinions and of course about your likes :)