Ethereum keeps smashing all my targets with no mercy (check my very first review). I entered heavily on this trade and never really took profits .. and looking back now it seems like a good decision to pick up ETH as everyone was telling it was "boring".
But ETH will be testing an important level very soon, a strong confluence between fibs and a monthly level
If it passes this test, then I see the chances of an all-time-high. Since nothing goes up forever, I believe that a retracement from this point is more likely. But I have been wrong with retracements in ETHBTC, that's why I don't trade what I believe but what the price does as it reaches an important level.
Let's wait and see...
#eth #ethbtc #ethereum #tradingidea
But ETH will be testing an important level very soon, a strong confluence between fibs and a monthly level
If it passes this test, then I see the chances of an all-time-high. Since nothing goes up forever, I believe that a retracement from this point is more likely. But I have been wrong with retracements in ETHBTC, that's why I don't trade what I believe but what the price does as it reaches an important level.
Let's wait and see...
#eth #ethbtc #ethereum #tradingidea
Trade closed: target reached:
My analysis told me that that resistance at ETHBTC was significant.. but I never imagine it was that massive.
It is now just speculation, but I see some correlation between that strong rejection and all alts going down + BTC.D skyrocketing.
It is now just speculation, but I see some correlation between that strong rejection and all alts going down + BTC.D skyrocketing.
