Ethereum / BitcoinShort
ETH/BTC ( retracing back - short term )
We have now reached our target level ( 0.098 )
After this strong rally of ETH, we are now testing important psycological level (0.1 BTC) combined to important Fibonnaci resistance/support level.
ETH is also getting overbought with RSI approaching 85 and is likely to start losing steem vs. BTC which has now strong fundamentals and is likely to increase vs USD ( thus putting pressure to the ETH/BTC pair ).
I think the general trend will remain LONG for ETH/BTC but we will see a trace back towards 0.088 or even 0.0728 before seing further increases.
So it can be a good opportunity to cash in some profit from our last trade, and return to ETH at more attractive levels ...
This is only my personnal opinion offcourse :-)
Lio
After this strong rally of ETH, we are now testing important psycological level (0.1 BTC) combined to important Fibonnaci resistance/support level.
ETH is also getting overbought with RSI approaching 85 and is likely to start losing steem vs. BTC which has now strong fundamentals and is likely to increase vs USD ( thus putting pressure to the ETH/BTC pair ).
I think the general trend will remain LONG for ETH/BTC but we will see a trace back towards 0.088 or even 0.0728 before seing further increases.
So it can be a good opportunity to cash in some profit from our last trade, and return to ETH at more attractive levels ...
This is only my personnal opinion offcourse :-)
Lio
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