ETH VS BTC long
Updated
ETH bottomed again vs BTC confirming strong support in the 0.07 area.
It is a buy zone.
We can await a slow grind up to the first resistance (orange line) within the next 9 days until the METROPOLIS RELEASE 21th. SEP. 2017
This should act as a bullish cataclyst and boost price up rapidly.
A confirmation of the above scenario would be a bullish CUP&HANDLE on ETH VS USD
If everything goes well the total upside of this trade is 50% from now on.
Stop loss must be set below support level and should only be triggered while a slow grind down. If there starts a rapid dump from above the 0.07 area, price will bounce to visit the 0.07 area again to use as stop loss so the risk is rather low compared to the possible gains.
A safe entry would be if Bitcoin crosses the 4400 USD mark and holds above it for at least a day.
Currently my portfolio is split to ETH and BTC 50/50 and once we get more and more confirmation on the bullish scenario i will add big margin positions on this pair
It is a buy zone.
We can await a slow grind up to the first resistance (orange line) within the next 9 days until the METROPOLIS RELEASE 21th. SEP. 2017
This should act as a bullish cataclyst and boost price up rapidly.
A confirmation of the above scenario would be a bullish CUP&HANDLE on ETH VS USD
If everything goes well the total upside of this trade is 50% from now on.
Stop loss must be set below support level and should only be triggered while a slow grind down. If there starts a rapid dump from above the 0.07 area, price will bounce to visit the 0.07 area again to use as stop loss so the risk is rather low compared to the possible gains.
A safe entry would be if Bitcoin crosses the 4400 USD mark and holds above it for at least a day.
Currently my portfolio is split to ETH and BTC 50/50 and once we get more and more confirmation on the bullish scenario i will add big margin positions on this pair
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