stevenslicer
Short

Ethereum to $2.80 / Bitcoin to $280 in March-May 2019 Scenario

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
ETH/USD and BTC/USD are currently inside similar channels on the 1 day chart, almost freefalling down the channel at times.

The edges of the channel have been prime shorting zones for approximately the past 6 months, the Fibonacci lines been good to take profits & reset the trade.

Ethereum could be back at the 10% of Bitcoin mark in this case.

If these parallel channels are not broken, we could see some really low lows and a period of accumulation (this could be the time to start getting in for long-term holds) and eventually start seeing higher highs on the way back up in the 2nd half of 2019.
Comment: My apologies - ETH 1%(not 10%) of BTC
Comment: We're still in the channel.
Comment: We are right at the edge of the ETH channel!

BTC Channel is close, too.
Comment: They touched and both have dropped down.
This breakout is going to be awesome if there is enough momentum behind it. Your channel lines are dead on and a break upwards of it will trigger a lot of bots, retail traders and will most likely give us enough momentum to push us to the top resistance. Great TA and you have our LIKE! - We're playing this with the Martin Trend Trader which has been cranking out the profits for us consistently. Best of luck :)
+1 Reply
stevenslicer TradeIndicators
@TradeIndicators, yes agree, there will be some great opportunities the other side of the channel.
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Bakkt, Fidelty, NASDAQ, ETF (maybe?), block reward halving etc. Doesn't this stuff make you think you're wrong?
+1 Reply
stevenslicer DeusNovac
@DeusNovac, purely TA on the channel we have been inside, if we don't break it we'll get there, if we do break outside this - there will be some more great opportunities for trading too.
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BTC – curious of the secret of profitable and safe trade in 6W?https://www.
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BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.
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LMFAO. GL
+1 Reply
stevenslicer BenCarson
@BenCarson, need to break the channel!
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$17 for me. But imo it has to have a bounce to ~250 to kill current short positions and get fomo buyers. And then kill ego from there
+1 Reply
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