Weekly trend has now turned up in the $ETHBTC ratio, while the bearish trend in the daily failed to hit target and was completely erased. It seems buying into the merge event is driving the ratio higher here. I can see the 0.092 target zone being hit quickly here, while you may also qualify to receive some free coins if there is a fork (you can see how much it's worth using the $ETHWUSD or $ETHWBTC symbol from Bitfinex). Coincidentally, there's a bullish time@mode trend signal in the $ETHWUSD and $ETHWBTC charts that just flashed today, as this signal in $ETHBTC triggered in the weekly. Might be an interesting move.
Best of luck if buying.
Cheers,
Ivan Labrie.
Cheers,
Ivan Labrie.
Comment:
Daily trend signal active now too...Looks strong, today's volume is larger than yesterday and we also have a range expansion, breaking out of a tight consolidation, while the 'RgMov' indicator shows hidden strength breaking out into new highs ahead of price.
Trade closed manually:
I'm personally out, but watching, the next risk event is the fork itself...this monthly close can define the trend longer term.
Comment:
I think it's clear $BTCUSD won't fall right away, might take until November to get a trend signal in monthly scale again.
I'm long $ETHBTC again from here today, after having taken profits before.
Risking a 18% ish drop to make 50-90% over time if the monthly signal confirms.
I'm long $ETHBTC again from here today, after having taken profits before.
Risking a 18% ish drop to make 50-90% over time if the monthly signal confirms.
Comment:
Trade active
Comment:
I'm long spot $ETH but have no short $BTC leg paired to it now.
Comment:
Failed uptrend signal in $ETHBTC, target on chart for now, if hit, the weekly will fail too, and potentially the monthly.
