That May Be The Last Chance For Ethereum ETH/BTC
Updated
As of today, Ethereum 
ETHBTC made a full retracement of its last rally and is headed to lower levels.
Even though there are important supports along the way, 0.05 BTC looks like the last line of defense. After that a liquidity crisis may occur.
There are still teams that haven't sold ICO revenues yet. To protect their reserves they may start a fire sale and that can affect all altcoin markets.
As we're near an important support level I don't recommend you opening a Short position but if you already have a Short position don't close it yet. It has potential.
If you're a long biased investor, don't try to catch the bottom here. Wait patiently until the downtrend gets flat or reverses.
Most importantly, protect your capital!
ETHBTC made a full retracement of its last rally and is headed to lower levels.Even though there are important supports along the way, 0.05 BTC looks like the last line of defense. After that a liquidity crisis may occur.
There are still teams that haven't sold ICO revenues yet. To protect their reserves they may start a fire sale and that can affect all altcoin markets.
As we're near an important support level I don't recommend you opening a Short position but if you already have a Short position don't close it yet. It has potential.
If you're a long biased investor, don't try to catch the bottom here. Wait patiently until the downtrend gets flat or reverses.
Most importantly, protect your capital!
Note
DISCLAIMER: Please note that my trading approach is trend following. I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts.Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.
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