JorgeAbascal
Short

Inverse bubble ETH <=> BTC

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
703 5 9
ETH - > LONG to 0.05 (Increase of about 60%)

BTC             -> SHORT to 250 usd (Decrease of about 60%)
Comment: This is the explanation of why i think this is what its going to happen soon:

People buy ethereum with bitcoins, ethereum is in a parabollic movement for sure a bubble. Ethereum will grow until bitcoin cannot go lower. This pink line is the historical floor for bitcoin, so probably that's the limit. Then Ethereum sellers won't find buyers, so the bubble will bust.

I'm posting also the ETH bubble as i think it will be drawn.
Comment:
Interesting...could be. Or another alternative is we break out from here (BTC USD) and the ETH bubble deflates which is what i'm leaning towards.
Reply
True, but it seems that the mania is on the ETH side. Let's see...
Reply
blackswan JorgeAbascal
amazing market making going in eth. but as with any "too good to be true" rallies this is going to create one helluva crowd of eth bagholders. if you want to understand what i mean you can read more here https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/ in addition to instamined 60,000,000 ETH, there's no scarcity in creating ethers moving forward. its inflation rate is going to be humongous and with no real demand this rally will fizzle out.
+1 Reply
Just for the record, my orders are setup as follows:

BITCOIN:
SELL -> LIMIT PRICE 389.45 STOP PRICE <= 389.55 (Order will be triggered at this price or below)
BUY -> LIMIT PRICE AT 250.16

ETHEREUM
BUY -> LIMIT PRICE 0.03145 STOP PRICE >= 0.03138 (Order will be triggered at this price or above)
SELL -> LIMIT PRICE 0.04752

Of course, it is you responsability to follow (or not) what I do, but i have set up everything like that so in case BTC breaks down and ETH up, i start winning. xD
I could have done ALSO the opposite but I am just lazy and all in in this idea :)
Cheers!
Reply
Ok, I just set up another set of orders othe other way around just in case it happens what you say.
Reply
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