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jlantrip
Sep 28, 2018 6:25 AM

Ethereum, Its all lining up Short

Ethereum / DollarBitfinex

Description

Still expecting another leg down, everything looks right for this to complete lower. Always be prepared for the contrarian view point though and trade safe.
Comments
WealthHustler
What's your estimated lowest target?
jlantrip
@WealthHustler, There is strong support at 90, but even 50$ is possible depending on how BTC capitulates. My target though is $132.
WealthHustler
@jlantrip, got it, I am expecting to buy some at 180,160 levels. How soon do you think ETH can come to these levels? 1 week or more?
jlantrip
@WealthHustler, Yeah I think this week coming up is likely to give us big action
jlantrip
@WealthHustler, Wont get there in one drop, if btc breaks there are a few corrective possibilities, either we are making an ABC and finishing the C wave down which would leave the higher targets on the table, or BTC is coming out in another corrective pattern likely a zig zag which could go deeper.
WealthHustler
@jlantrip, got it, thanks for your input! Followed you too, cheers!
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