In terms of risk / reward ratio, a good position escaped on December 2nd.
The moment I wrote this analysis, the decline is around 7 percent, and I think it's a bit much to participate in.
Purchases may come in this decline.
The upward reaction may come, but the market is now under the direction of bears.
I think the slope of the trend line is too high.
When we look at the Eth / Btc ratio we see a very good hint:
For now we can say :
Ethereum will fall harder than Bitcoin if there is a money out of the Cryptocurrency Market because the trend-line should reach reasonable levels.
On December 14, after the support became a resistance, a good example of a short position came.
If there is some reaction reception here, 91 - 94 levels can be targeted. (Key area )
However, attention should be paid to closing under 152.5 clearly.
Best wishes.
The moment I wrote this analysis, the decline is around 7 percent, and I think it's a bit much to participate in.
Purchases may come in this decline.
The upward reaction may come, but the market is now under the direction of bears.
I think the slope of the trend line is too high.
When we look at the Eth / Btc ratio we see a very good hint:
For now we can say :
Ethereum will fall harder than Bitcoin if there is a money out of the Cryptocurrency Market because the trend-line should reach reasonable levels.
On December 14, after the support became a resistance, a good example of a short position came.
If there is some reaction reception here, 91 - 94 levels can be targeted. (Key area )
However, attention should be paid to closing under 152.5 clearly.
Best wishes.