btc_joe

ETH/BTC at a pivotal point

POLONIEX:ETHBTC   Ethereum / Bitcoin
280 0 8
Ultimately, if the green line breaks, .015 and possibly lower becomes a reality.
Comment:
ETH/BTC
Comment: By breaking the descending trendline, ETH saved itself from imminent death, but i'm still not convinced, rally pulled back once again at the 100 period moving avg (light blue) yet again coupled with resistance from fib at around .026--breaking back above there, and ultimately above .028 would be convincing, till i see that, my assumption is this break out was a just a delay for doom. Well see, a lot depends on btc, if btc erases this dip and explodes to new highs that would likely be real bad for ETH, if not this rally may have legs.
Comment: Just to clarify my last comment: 100 MA on the 4h time frame
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