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tiger_rag
May 16, 2021 8:48 AM

Waiting for correction Short

Ethereum / BitcoinPoloniex

Description

POLONIEX:ETHBTC price is way too high in my opinion. And growth was too fast against normal market angle. So using Fib Speed Resistance Fan we can mark corrections points.
Comments
Obcidian
Normally I would agree, but seeing how well it held up during the BTC drop I don't think ETHBTC really wants to go below 0.076 for now. I could easily see it pick up steam before BTC does and go for 0.1 in a 40k:4k to 50k:5k range.
tiger_rag
@Obcidian, time will tell
YellowRaincoat
I took profits at 0.08 and 0.076. We will have to wait and see....
tiger_rag
@YellowRaincoat, wise decision
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