twismo
Long

ETH-BTC - Momentum could continue as BTC moves sideways

BITTREX:ETHBTC   Ethereum / Bitcoin
Volume looks strong. Momentum could continue as BTC struggles to find momentum ( Futures uncertainty).

Target 1: 0.1064
Target 2: 0.127
Target 3: 0.156 (New All TH )

SL: 0.069 to maintain the RRR below.
RRR: 2

Good luck. Not investment advice.
Comment: Quick Update on ETH-BTC:
ETH did gained against BTC for sometime but has now dropped back down.
Looking for current levels:
- Price bounced of the important 0.382.
- RSI bottomed out at a (slightly) higher level than the previous low.
- Price is getting back to the 200 EMA which might act as further support. Slight below that the 0.0688 price was a previous S/R
- If price does not hold here then price could drop down to the 0.236 fib which has also been historical S/R several times.

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