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webworker
Jul 18, 2017 10:11 PM

ETH overshot BTC Short

Ethereum / DollarBitfinex

Description

Current bear pennant on ETHUSD 15m, assuming a correction to fall back in line with BTCUSD.
Comments
webworker
One more thought here, since the drop from 400s, BTC retained more value and ETH is actually playing catch up :)
s3.amazonaws.com/tradingview/snapshots/b/BHxpVMmU.png
webworker
Amazing, I FOMO'd myself. At least it was a small mistake. Over time I'll learn to be disciplined lol. Keeping a close watch now for reentry point.
webworker
Closed my short at 225 for now, after we failed to break through .786 the second time
DJLoveHz
ETHBTC also spiked 20% over the same time frame today.
Crypto4life23
Or recover and go back,up
webworker
@Ryandorsey90, I'm thinking back down to 200s then back in step with BTCUSD movements, what do you think?
Crypto4life23
@webworker, its starting to show a trend back on the 3 and 5 min. But not sure. The crash Hurt from bitcoin. I'm not sure at the moment
Crypto4life23
@Ryandorsey90, I think your correct
webworker
@Ryandorsey90, they're still tethered to each other, but ETH seems to have bigger swings. ETH going down now is making BTC go down slightly. I have a strong feeling once things are back in line where ETHBTC was around 0.8 BTC will lead the charge again. (I'm ignoring any Aug 1st stuff for the moment)
Crypto4life23
So your saying eth will drop ?
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