IvanLabrie
Long

ETH/BTS: Long ETH with BTS

5 months ago
We have a nice setup here, the idea is to short or sell BTS             , to buy ETH here, risking a 31% drop, to potentially achieve 121%+ returns in a short time. There is a very clear uptrend here, supported by fundamentals, considering how ETH resulted in a larger success, offering a similar thing to BTS             , making it a good candidate for a pair trade.
To take this trade, you'd long ETHBTC with enough size to risk 1% if price moves against you by 33.5% in ETHBTC and 29.79% in BTSBTC             respectively.

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Ivan Labrie

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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
5 months ago
Comment: 2 smaller range days in a row, good.
We should see upside very soon.
5 months ago
Trade closed manually: I don't like how far it sold off today. I'd rather exit this position here.
4 months ago
Comment: Turning around, now might be the time to enter.
4 months ago
Comment: Blamm, take that BTS.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
DrGonzo87
5 months ago
BTSBTC is at a record low, ETHUSD and ETHBTC are still up over 1000% from the start of the year. I don't know if ETH's next move will be up or down, but I'd be more inclined to do the reverse. I have no position in ETH, but am long BTSBTC.
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IvanLabrie PRO DrGonzo87
5 months ago
Yes, that's a factor, but ETH can remain in an uptrend as well.
Thanks for the comment.
You can use the general idea for your own take on it as well, let me know how it goes.
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DrGonzo87 IvanLabrie
5 months ago
I could be completely wrong but I think ETH has maxed out. Bearish MACD crossover on weekly and double bearish crossovers on daily. RSI likewise paints the picture of a downward trend. The fundamentals are not great right now either with the DAO hack and forking debate. That being stated, I did consider a short-term long on ETH myself. It can still see impressive gains, even in a downtrend. Best of luck anyway.
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MarshaIII DrGonzo87
5 months ago
markets can stay irrational longer than we can keep solvent! happy trades all :)
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MarshaIII
5 months ago
lovin' these crypto setups. keep it up!
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IvanLabrie PRO MarshaIII
5 months ago
Thanks, trying to think outside of the box, and posting interesting setups I'd trade.
Cheers!
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