Ethereum (ETHUSD) Looks like a correction down is coming.

Jan 7, 2019

My first neutral idea.

ETHBTC looks like it may need a significant correction soon, so this lowers the gain ETHUSD will likely have if BTC pumps. So you should be better off with a BTC long if you are bullish instead. There is also a bearish rising wedge pattern on the chart. The ETHBTC rising wedge has already broken down.

ETH does have a 0.99 correlation with BTC, so it will still hit higher highs if BTC does, but ETHBTC might not.



Here is the ETHBTC chart & my prediction. It is just a wild guess.

Thanks for viewing!

Jan 7, 2019

Note

Keep in mind Bitfinex will have a maintenance in the next 24 hours and Binance could pump it then. in that case ETH will probably rally higher.

Jan 7, 2019

Note

Short term probably going to bounce.

Jan 11, 2019

Trade closed: target reached

Boom. 15%

Jan 11, 2019

Note