Very nice setup here, now that FOMC risk is out of the way. We have an actionable long setup with small risk, if price holds over the white box below, it will steadily rally for 14 days in a row at least. After that it might consolidate or retrace (or reverse), but keep in mind that the existing rally could end up triggering a larger monthly trend, which could drive this to over 3kwithin 5-6 months, so I am keeping that in mind. For now, let's start with buying into this setup here, and over time we can figure out for how long to hold it.
Best of luck!
Cheers,
Ivan Labrie.
Best of luck!
Cheers,
Ivan Labrie.
Comment:
$ETHBTC has been rallying since I posted this signal, currently stuck at the same breakout level for a few days, will be interesting to let this play out. Stop loss area is well defined under $1585.
Trade closed manually:
Stop not hit but total failure to rally potentially spells trouble ahead.
Comment:
Was correct...market topped.
