Looks like the ETHBTC ratio is going to continue down for another week or so. There is huge support here, so it should continue up from there. If not, something is seriously wrong. Going long off those converging trendlines is high probability.
I always have trouble finding out how to avoid the "Worst possible Scenario" when It comes to Trading Crypto Pairs. I feel like as soon as I take the "Smart Trade" Something goes terribly wrong. lol Anyway I find your analysis spot on. I marked almost the same way. Fingers crossed and happy trading. Thank you for your analysis by the way
dontdaytrade
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@OmariRoland, Late reply... It's a difficult market to learn but if you can simplify it, it'll help. Check major trendlines and S/R lines. Most pairs obey Fib levels very well, I usually confirm my analysis by checking if it lines up with Fibs.
Thanks for the comment and glad you had the same thought. Looks like we're correct so far, a couple of wicks off that line.
JTCoins
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I have a similar idea. Nice work!
dontdaytrade
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@JorisT, Good to know other people saw it too, good sign! Look like we got it right so far.