BITFINEX:ETHBTC   Ethereum / Bitcoin
I will adjust my analysis of Ethereum depending on what BTC does, but for now my idea is to short ETH around August 20th if BTC touches 6800, expecting it to drop to ~40,000 satoshi. Then I will go long at 1BTC = $5,400, then short again when Bitcoin retests 7,200 which I expect to happen about 3 weeks into September, Then short again, expecting Bitcoin to drop to ~$5,000 around Halloween.

What do you think about my analysis of Ethereum? Please share your ideas below :)


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.