For those who have ben following my work, you are aware that I have been going long on ETHBTC over the last few days. We are currently in an accumulation zone, which is akin to the calm before the storm or decreased volcanic activity before an eruption.
This type of charting technique is one of my favorites. I don't know what it's called, or who came up with it (maybe I did?). Hell, it might not even be valid (though it's proven time and again for me to be so). Perhaps we should let the next few days decide the validity of it. In either case, I do believe the time to go long on ETHBTC is here.
I have placed my own trade on Kraken at the rate of .021 BTC:ETH. I'm looking to close out around .033, and then reassess the market. I do think we will see a rise to .08 at some point, but it could be another 6-12 months away.
Tell me what you think in the comments section, and if you enjoyed this please give it a big THUMBS UP.
This type of charting technique is one of my favorites. I don't know what it's called, or who came up with it (maybe I did?). Hell, it might not even be valid (though it's proven time and again for me to be so). Perhaps we should let the next few days decide the validity of it. In either case, I do believe the time to go long on ETHBTC is here.
I have placed my own trade on Kraken at the rate of .021 BTC:ETH. I'm looking to close out around .033, and then reassess the market. I do think we will see a rise to .08 at some point, but it could be another 6-12 months away.
Tell me what you think in the comments section, and if you enjoyed this please give it a big THUMBS UP.
Trade active:
This trade is still active. If you're less risk averse, you can do some scalping while action is back and forth. When it starts to move, though, it will be strong, so don't miss out!