Doingit
Long

Ether breakout trade

POLONIEX:ETHBTC   Ethereum / Bitcoin
I posit that we will see another all time high in the near future on ethereum as the structure here is not indicative of a bubble popping but a consolidation triangle pattern which is now ending. The trend changed on the last bounce off of support at .02 and as this is a continuation pattern it is reasonable to infer that another all time high is coming in fairly short order. The fundamental reason for this new wave of money flowing into ethereum is the recent NYT             article bringing new interest to the currency.
zeratul600
8 months ago
I sincerely hope that you are right, if the ethereum market cap is 1/6 of btc cap, then why it cant cost a 1/6 of the btc price, specially when you think about that ethereum can do whatever btc does, and a lot more
Reply
Petros PRO zeratul600
8 months ago
It's simple: theres almost 6x more Ethers than Bitcoins available.
+3 Reply
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