A few weeks back i've sold my ETH to get back in the game at a lower ETH/BTC value at around 0.11.
Now we can look at ETH again to see at what retracement level we can get the best position. Since 2016 ETH is actually showing pretty steady patterns and textbook Elliot waves patterns. We are currently heading for the next leg up for ETH/BTC.
If we look at the earlier fractals we see a retracement back between the 0.618 fib and 0.5 fib in the beginning of 2016 and to the 0.5 fib between march-may in 2017.
Currently we see volume stabilizing after decline. MACD is still bearish on a daily and just evaded a cross to bullish.
One could trade the confirmation going through the triangle (orange dotted line), or taking some more risk by ladering down from 0.750 - 0.065.
Now we can look at ETH again to see at what retracement level we can get the best position. Since 2016 ETH is actually showing pretty steady patterns and textbook Elliot waves patterns. We are currently heading for the next leg up for ETH/BTC.
If we look at the earlier fractals we see a retracement back between the 0.618 fib and 0.5 fib in the beginning of 2016 and to the 0.5 fib between march-may in 2017.
Currently we see volume stabilizing after decline. MACD is still bearish on a daily and just evaded a cross to bullish.
One could trade the confirmation going through the triangle (orange dotted line), or taking some more risk by ladering down from 0.750 - 0.065.