ETHXBT: Weekly trend potential...

$ETHXBT presents us with big potential upside. The monthly chart implies it'll grind up towards 0.055 at least, within the next few months. Weekly charts imply a move towards 0.05 within 11 weeks will be confirmed if we move over 0.0358 this week and not fall below 0.0336 in that time.

I'm long #ETH, both with spot and margin positions but not long the ratio itself (although I did swap some $BTC for $ETH down here). Since $ETHUSD can reach $280 rapidly, given the weekly and daily signals, and $BTCUSD can reach up to $6400-6600 in the same time, this prognosis might become true, and the weekly trigger reached.

Best of luck,

Ivan Labrie.
Trade active: Risk/reward is now optimal to enter longs if your didn't already do it (or to add if you still hold some BTC positions). 18:1 if the 0.055 Mark is reached. If the ratio goes below 0.028 I'd worry.
Trade closed: stop reached
We are below 0.028 now. Is this trade invalidated now?
@eYou, correct, stop hit. Back to BTC with funds allocated in this.
eYou IvanLabrie
@IvanLabrie, Maybe a little to early? Back above 0.028 on the news that the CFTC is willing to approve an ethereum futures contract – provided it ticks all the right boxes, a senior official says. https://www.coindesk.com/cftc-would-approve-ether-futures-if-asked-insider-says?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20
Any updates my friend , ur calls are always a top job
@IvanLabrie Buddy cool idea. Thank you very much, I've been following you for a long time, it's cool to do analytics
Hi, It looks like you made a mistake in the decimal point. I think you meant a monthly Target of 0.0647 instead of 0.647. We get the idea none the less. Thanks!
Spectre-788 Spectre-788
@Spectre-788, that's how outrageous the target looks from the current perspective. If it ever realises that would be well past flippening. Let's see what happens.
Hi! It seems it is below 0.0336 now. Is this invalidated already? or mistake?
@ambrosia, not yet since it first needs to break up above 0.0358 to then trigger the signal (and the invalidation levels' significance as a way to invalidate the trend and define risk).
ambrosia IvanLabrie
@IvanLabrie, I see. Thank you!
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