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CryptoBullet
Jul 13, 2019 6:24 PM

ETH/BTC Looks Horrendous  Short

Ethereum / BitcoinBittrex

Description

The weekly chart is coming to an end and it is going to be the lowest weekly close since March of 2017 and that is incredibly bearish.

We are breaking down the Multi Year Support. That range 0.024-0.026 has been a very impressive support since Dec. 2017.

If nothing extraordinary happens, the next action will be very painful for ETH holders.



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The information given is never financial advice. Always do your own research.

Comment

Target Reached!
Comments
Crypapi
Stop trading trendlines and you will be succesful, Usually once you spot a trendline - its there to fool you.
CryptoBullet
@Crypapi, its always different. Most of the time it works. But sometimes doesn't. Anyway thanks for you comment!
ValiumMm
Time to buy now?
CryptoBullet
@ValiumMm, not yet. The target was conservative.
Archy1992
Well done and solid chart, there's also a descending triangle. My only complaint is the spelling error, lol.
CryptoBullet
@Archy1992, thank you! Yes, there is definitely a tremendous descending triangle with a very nasty outcome
wargolynch
Very strong support zone
Strong divergences
it won't fall this low
CryptoBullet
@Maped, Thank you for your opinion!
wargolynch
@CryptoBullet, Maybe it will lol, I'm not in long position on ETHBTC since longing BTCUSD at 9500 anyway
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