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BTCMarket
May 21, 2016 2:58 PM

ETH BTC Price Action Fractal Short Setup Short

Ethereum / BitcoinPoloniex

Description

There is a strikingly similar price pattern behavior developing in (eth) that I have seen recently in (btc).

I am watching for price to consolidate near 0.0293 and begin making the next and final leg higher which should end at or near 0.0371 creating a double top at it's previous high.

I have provided 3 charts in the comments section below to help illustrate my thinking and give you a more clear picture of the direction I believe the market is headed.

Good Luck

Comment

This first chart shows btc in the blue “bars patterns” next to the eth price action.

Comment

This second chart shows eth in the blue “bars pattern” next to btc price action.

Comment

This third chart gives you a longer view of my thinking.

Comments
luckyluke
Interesting analysis. Thanks for sharing.
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