Tracking this here - twitter.com
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...
ETH/BTC TECHNICAL ANALYSIS
Just broken above previous resistance level at 0.030807, could be looking at a long position to the 0.031365 level.
Proper risk management is advised.
www.tradingview.com to the
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...