ETH Getting Ready to test new highs.

ETH price action is finding support and advancing through important FIB levels

Extrapolation of a similar sized move takes ETH to 0.0868 BTC or c. $100 which makes sense.

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Traders should look to s/l on or below the (A) and t/p at levels which meet your risk reward strategy - if you can hold on to the 0.0868 BTC target you are looking at a very healthy risk reward ratio of close to 6/1

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BTC Broke out and so this pair is now retesting 0.618 of the extension.

ETH has gone with BTC in USD terms so damage has been limited to this trade.

I expect ETH to range between the 0.5 and 0618 fibs in the short term. The long term targets are still very attainable.

A failure of 0.5 would mean looking for a short entry and the Head and shoulders pattern being an option to trade.

I am not bullish BTC fundamentally until the issue at finex is resolved. However the prior idea shared for BTC will be in play should the $1050 range be overcame with volume.

Going to let this trade ride out and act on breaks.

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we're off !

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Good times coming

filbfilb

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filbfilb