Crypto_Ed
Long

$ETHUSD towards $1000,-

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
6052 views
56
6052 10
Pretty straight, clean and simple set up.
ETH is making a wild cycle up. just did 1st and 2nd leg. 2nd leg was correction and price broke already to the upside.
After a breakout, 9/10 a smaller correction follows and sort of retesting the trendline .

Wait for this pullback to hit the blue box, if you see some strong bullish price action you can enter the trade for a nice move up.
Targets determined with Fibonacci Extensions.


Happy trading!
Comment: Reached Potential Revesal Zone but more to come.
Lets see if it starts a correction and where we can place 4 to determine 5
Good work @Crypto_Ed , thanks for the analysis.
Reply
hello please what strategy is used here?
Reply
I'd agree, but everyone is too scared to commit to alts because of BTC rising/Futures :(
It'll happen but time frame might be a bit later.
Keep up the good work man! :)
Reply
Quin73 matboy
@matboy, Definitely not the case. Most alts are mooning since 3 days ago.
Reply
john29 Quin73
@Quin73, This is clearly the case. They are mooning while BTC allows them. But with CME event, alt trends will be broken up
Reply
Quin73 john29
@john29, Lets agree to disagree :)
Reply
Are you taking into account the possibility of ETH/BTC pair effect on the USD price?
what are your thoughts?
+5 Reply
bedarija CaptainCigar
@CaptainCigar, this. never go just coin/usd comparison always check coin/btc as well
Reply
sickojacko bedarija
@bedarija, haha :) you mean "never go coin/usd", right ?
Except for ETH and maybe 2 or 3 other coins, nobody never look / takes coin/usd into consideration for technical analysis.
Reply
Love your work
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out