BITTREX:ETHBTC   Ethereum / Bitcoin
Hello guys,

It's been a long time since i have published a / BTC pair chart. I don't really like to do it for some TA reasons. But there is a massive pattern we can't ignore anymore. NOTE that the stop-loss is particularly important in this trade : symmetrical triangle can break both way (50%) and for now the volume hasn't confirmed the BREAKDOWN (but volume is not very reliable in / BTC pair), because there is a breakdown for now i think it could be interesting to sell ETH to BTC -0.39% (or even better to fiat). ETH enjoys triangle : last time he breakout of a similar triangle it was in November and ETH ran from 400$ to 1400$ in absolutely no time. Today ETH is looking for a breakdown unfortunately and i think the previous low of 0.022 is a decent first target with a potential V bottom due to some excessive panic sell to 0.013. In a bigger count, i think this massive triangle is only a part of the wave 4 on 5, in this case wave 5 would create a new ATH -1.03% for ETH/BTC 8.77% pair in the coming years.

But for now yes, a -75% correction for ETH/BTC 8.77% is possible and in a BTC /USD bear trend it could be very hard to sustain for holders. So i just want to warn people who are not able to hold for years (or at least months).

I don't like to post fundamental analysis but in this case the breakdown could be in link with this : https://bitinfocharts.com/comparison/eth... If there is blockchain analysts or we know something about this spike please tell me it in comment.

As Always i'm not financial advisor, i do it for my personal training and entertainment.


Feel free to post a comment, give me a LIKE and follow for more updates. Have a lovely day.
Cheers.
Comment: As excepted ETH/BTC is falling like a rock. I think there is more pain to come in the coming weeks.
Comment: I'm in holidays since 3 weeks, i'll keep you updated. ETH/BTC have exactly rebound on my TP1 and now is breaking the support. I expect further declines in the coming weeks.
Comment: Already +43,94% win on my position. Hope you are making monster profit too.
2018 will probably be my best year of trading.

Last 3 positions : +45% leveraged 3 (Take care of the wyckoff)
-3,8 % on SPX
+ 43% here (position not close but partial profil have been filed at TP1).

Bonus one : my Litecoin short position from april still in play. This is pure free money. Will close it at 35$ or if we break over 70$ again.

How much people are giving you result like this for free on TV ? I would love to know haha. Thanks to like, share and follow :).

I expect ETH/BTC to keep falling in the coming days/weeks. Next strong support are on the chart.

Have a good day everyone.
Comment: This count is savage.
Trade active
Comment: I'm still waiting we touch my target.
Comment: Target REACHED. Let see how the support react !
Comment: Look how beautiful this chart is. Show me a better TA if you can. Perfect dip to the support and now strong rebound !
Trade closed: target reached: I'm taking all my profits. Money is here! Please follow, and like for support :).

Comments

@ComeTcrypto, excellent chart!!!
Which is your new target for ETH/BTC?
Thanks!!!

Reply
ComeTcrypto SatomiZa
@SatomiZa, Hello, tanks, we are testing the previous the resistance, if ETH breaks it we could have found a mid-term bottom. Not yet done.
Reply
SatomiZa ComeTcrypto
@ComeTcrypto, thanks!!!
Now it seems to be using the resistence of 35xxx sats as new support...
Reply
SatomiZa SatomiZa
...and it was broken...
Reply
ETHEREUM SOON upward movement
Check this analysis,don t forget ETH hardfork in 16 january 2019
Reply
Good job
Reply
Thanks @ComeTcrypto !
Do you think the bottom will be 0.022 or 0.013?
Thanks!
Reply
Hello Come Tcrypto!
Do you think ETH will go on in the downtrend?
Or the trend is changing ?

Thanks!!!
Reply
ComeTcrypto SatomiZa
@SatomiZa, Hey man hard to say, for now, that's what I'm not updating this. My target is not exactly reached yet
+1 Reply
update?
Reply
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