Greenhill
Long

back after 1 month with a Great Long Opportunity! Bullish

POLONIEX:ETHBTC   Ethereum / Bitcoin
284 4 7
Bottom is in! the bottom support line has been tested, trend reversed at 3700+ to 1750+ range over months, thats over 50% of value gone from the top..

at this point all weak hands are out, spot holders wont sell here, the ones that could not bare it already sold,
here its margin bears vs Margin Longs + new spot bags.

i have bought spot at 1800 range. very happy with my entry price. cant margin trade now due to big projects at work so the spot buy made sense with less maintenance required.

i am very confident at this point, it will become very bullish following daily going green over the next few days.

This uptrend will be much slower with less volume compared to the last pump, some big news to come out soon which should make the uptrend pick up momentum .

Best of luck on your next trade
allmails888
7 months ago
good analysis. makes sense and agree any rebound will not be as fast as earlier ones. nice share
Reply
nepaldude41
7 months ago
BTC is breaking the uptrend at the moment. There could be further panic selling on ETH. I'm holding out until BTC finishes it's move. They're moving against each other right now.
Reply
Greenhill
7 months ago
1700 breaking really turned the above chart upside down, it broke way too easily at this point best to sit on the fence to get a clear breakout up or down, with 1700 breaking way too risky to long it now.
Reply
blackswan
7 months ago
there's still much room for retrace. 50% is just initial stage where most of the top profit is made. After this there might be a fakeout to 0.022x levels to trap more buyers in and eventually fall to 0.006 or 0.009x levels.
Reply
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