ChrisThein

ETCBTC Bearish bat 240, Bearish Head and Shoulder, and a Flag

POLONIEX:ETHBTC   Ethereum / Bitcoin
Lots of opportunities with this crypto pair. On the Daily on the right screen there is Bearish Head and Shoulder pattern. If price breaks and closes above .030 then it becomes invalid for me. If price holds I would look to get short around .024 with a target to .014. On the 240 min there is a potential Flag/Pennant pattern forming price could breakout above .030 I would take profits at the entry of the Bearish Bat around .0353. This Bat completion is nice area to get short with low risk high reward. Make sure you have your stops in place, this pair could go parabolic like Bitcoin             did a couple of years ago. Adjust your entry's, targets, and stops accordingly. Good luck trading out there.
Comment: Price is starting to crack the neckline.
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