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parkerhoyes
Oct 23, 2016 6:02 PM

ETH/BTC Reached Strong Mid-Term Support Long

Ethereum / BitcoinPoloniex

Description

ETH/BTC has reached a strong mid-term support level; near 10-week low. Wait a couple more days to be sure it has reached bottom then go long. 20 mBTC is a good price target. If it falls below the support line, abandon the position.

Comment

Obviously ETH blew right through the 18 mBTC support. Right now watching for a bounce on around the 16 mBTC level

Trade closed: stop reached

Looks like the recent strong Bitcoin prices are bad news for every cryptocurrency right now.
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