Pato99

ETH VS BTC long

Long
POLONIEX:ETHBTC   Ethereum / Bitcoin
794 views
7
ETH bottomed again vs BTC confirming strong support in the 0.07 area.
It is a buy zone.
We can await a slow grind up to the first resistance (orange line) within the next 9 days until the METROPOLIS RELEASE 21th. SEP. 2017

This should act as a bullish cataclyst and boost price up rapidly.
A confirmation of the above scenario would be a bullish CUP&HANDLE on ETH VS USD

If everything goes well the total upside of this trade is 50% from now on.

Stop loss must be set below support level and should only be triggered while a slow grind down. If there starts a rapid dump from above the 0.07 area, price will bounce to visit the 0.07 area again to use as stop loss so the risk is rather low compared to the possible gains.

A safe entry would be if Bitcoin crosses the 4400 USD mark and holds above it for at least a day.

Currently my portfolio is split to ETH and BTC 50/50 and once we get more and more confirmation on the bullish scenario i will add big margin positions on this pair
Comment:

Comments

Have a pretty heavy ETH position atm. as well. So once again our stars have aligned!
Already have margin longs going on the $ETHEUR pair as it is less risky if you ask me. Will be going long on the $ETHXBT pair as well once we get confirmation.

Good luck!
+2 Reply
you and youre incorrect charts. Too funny
Reply
Agree
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out