$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.
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
