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Bitduke
Apr 11, 2020 11:15 AM

ETHBTC: Looks interesting Long

BINANCE:ETHBTC1D
Ethereum / BitcoinBinance

Description

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After powerful pullback from 0.020 BTC, ETHBTC pair hangs on support and looks like a good place for a long setup.

It may test support a couple of time, so to not miss the move I'd buy 50% of the normal position now and 50% after (if) it wicks down below 0.0225.

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Information is just for educational purposes, never financial advice. Always do your own research.
Trend AnalysisSupport and ResistanceBeyond Technical AnalysisETHBTCethereumbitcoinEthereum (Cryptocurrency)Bitcoin (Cryptocurrency)BTCUSDBTCcryptosignals
Comments
Trading-Guru
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I have a super similar idea, but based on another concept. I used a gap in volume profile to come up with this trade. Really nice to see it yields a similar conclusion!

Bitduke
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@Trading-Guru, yep, agree with your chart. Between 0.023 and 0.025 BTC is void and if we'll start to rise ETHBTC could rocket to 0.025 quite fast.
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