The current trend pattern being formed by BITTREX:ETHBTC seems to resemble what we saw with BITFINEX:BTCUSD, where we had a notable head and shoulders pattern followed by a bullish run again, with further head and shoulder signs. Ultimately we know where BTC went, but will Ethereum follow suit?
Looking for resistance at the current bull run on Ethereum and...
The best entry point to BUY = LONG-TERM
Those who want to buy Ethereum for Bitcoin, better wait for the best entry point!
Below are all my exhibits >>>
There are signals that are relevant to this day!
So enjoy your viewing:
Particularly interesting is the fact that by the end of May 2018, Bitcoin will fall to $ 3000.
But before that, of course it goes...
The graph of bitcoin to ethereum looks like a good setup, however i am very caution because of pump of bitcoin which could bleed the altcoin market substantially. I'm expecting a consolidation phase in bitcoin right now so this would give a-lot of time to grow for the price of ether.
- Enter at breakout (0.0345)
- First take profit at (0.06), Second take profit...
#ETHBTC is currently caught up in local sideways trend.
#ETH was testing support at 0.575 and it seems we will be heading towards 0.605 area.
Oscillators confirm that.
We are past 4,370,000 block and it seems to be accepted smoothly.
Alternatively we may be looking at drops down to 0.55
ETH Looks like it is ready to move up, can't say whether it's a long term move or a short term though yet.
It has confirmed it has finished the WXYXZ Downmove and is now starting some kind of correction pattern. It's too early to tell what type but I will initally look at at an A B C.
For now I will look for longs, but will update if anything changes.