I strongly believe that ETH keeps on outperforming BTC for a while. That's my entry.
40% drops are nothing unusual within a bull market. 4 years ago, in the last cycle, $BTC dropped 40%is several times before going parabolic.
Going heavily long above .029! Bullish Divergency on 4H.
IF it manages to get over $402, I am longing to Target 1 ($470) and Target 2 which is $530.
Thinking ETH will likely outperform BTC in the next days. However, keep a close SL as BTC may take a last dump.
All eyes on the ECB. Blow up crash coming?
Ascending Triangle is not confirmed (yet) but I am expecting fireworks in the upcoming week! Trying to catch an entry around $130 for a better risk/reward-ratio.
ETH/USD seems to bottom since september. Currentry watching the desc wedge and the channel closely. Still short with target $145 w/ a close SL tho ... I am willing to open a speculative net long at around $190. Overall I would like to see some days/weeks of consolidation. Take care guys ... B
As of classical TA, a potential triangle indicating a further drop, could be forming. What it's says is basically that the previous drop is repeating. What's interesting: 1) Key levels (around 6.2k - 5.8k) 2) NVT still indicating that #BTC has not bottomed out. (related strategy) 3) #BTC might even take a quick bull move to around 9.5k and not even break out of a...
Could be the long awaited bottoming out ... (see related strategy) I am going to call a long with a SL at the low. Keep your SL tight!
The great picture ... Silver is currently forming a potential bull flag in the 4H Chart which will lead the Price to my first target. Both, technical and fundamental indicators are bullish - even if Silver is going to retrace (a bit).
Keeping the SL very tight, I am placing my order to 0.0185. Going to place my targets at the Fib Levels indicated. First Target is going to be 0.024. Also note that the first falling wedge is forming since several weeks.
... as I am awaiting one last retracement for the next bull run ... However, my SL is set super close at $12.1k.
I just threw in a long order on XTZ/BTC ...
ETH just reached the 61% fib level and nearly the 200DMA. Market is extremely volatile by now, but this could be a good entry as long the trendline holds. Also: capitulation in ETH/BTC. May be a good opportunity. Take care guys.
Not a big fan of the NVT model as a price indicator, but still an interesting correlation ...
Bullish till the break of 0.0207 support.
The falling wedge is close to an end. Placed some long orders with a close SL.