PickingTrades

BTCUSD vs ETHBTC - Bottom Pattern Repeated?

BITSTAMP:ETHBTC   Ethereum / Bitcoin
Tracking this here - https://twitter.com/pickingtrades/status...

Interested to see if this bottom pattern from the BTCUSD reversal plays out on the ETHBTC pair.

Will likley trade the breakout of the 0.0222 level depending on how we get there, already there is deviation however the concept of the idea seem to hold true

Commentatry from 15th Dec - will be keeping an eye on this, if we get another dip, I will look for buys in that block however a safer way to play it at this end of a bear is to take the breakout of the ascending triangle (if it forms!!!) - my dashed grey 0.0222ish
Feb 12
Comment: Nowhere near as clean as the BTC chart, was an interesting concept - not completely successful however it did teach me patience, waiting for confirmation and having a plan helps (muchly) and the break-out level of 0.022 was clear and I had orders set waiting.

Whilst price didn't behave exactly how I expected I have entered my trade at a level I had pre-determined - My plan is in control of my decisions not my emotions.
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