Hello my dear ETH traders!
ETH just broke out of this ascending triangle. On the Hourly we have to close above 225 to see confirmation. Also in the direct correation to Bitcoin, ETH/BTC, we have broken the ascending triangle. Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Beware of fak-outs! For short trading: Please be aware, that you can lose all your money on Bitfinex if Tether blows up one day/and or they just close, (respectively on Binance, if you're holding Tether there), as compared to Coinbase, who do not offer short trading, but who have at least an insurance up to 250k. Dollars as they state on their homepage.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
ETH just broke out of this ascending triangle. On the Hourly we have to close above 225 to see confirmation. Also in the direct correation to Bitcoin, ETH/BTC, we have broken the ascending triangle. Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Beware of fak-outs! For short trading: Please be aware, that you can lose all your money on Bitfinex if Tether blows up one day/and or they just close, (respectively on Binance, if you're holding Tether there), as compared to Coinbase, who do not offer short trading, but who have at least an insurance up to 250k. Dollars as they state on their homepage.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Comment:
Hey guys, just wanted to give a quick update: Unfortunately no follow through on the break of the ascending triangle, I personally got stopped out. But the opportunity of a 4H equilibrium is still there between 203 and 220, esp. if Bitcoin can also stay above 6355 and 6300 respectively. Both ETH & BTC built 4H hammers on the dump: the bulls bought the dip. Also in the direct correlation ETH/BTC, we've hold up much stronger. So: now gonna patiently wait for a new setup & potential break.
Comment:
For the case BTC breaks bullish, I am personally looking at ETH, XRP and EOS. IOTA could also have a significant break above 60 cents, but, just like laid out here, ETH and Ripple are much nearer of breaking bull.