IvanLabrie
Short

ETHXBT: Ethereum has a very clear triangle

KRAKEN:ETHXBT   ETHXBT
My analysis of this pair suggests that Ethereum is about to break from a huge triangle present in the daily chart .
The volume information tells us that the fair value price has shifted up and down 5 times already, in smaller and smaller swings, time and price wise.
This is typical triangle behavior.
The safest way to trade it is via a breakout, but I think it will just dive down, so, this is a short in my opinion.
You can enter on breakout, but I'll leave my forecast for time and price intact.

Cheers,
Ivan Labrie

P.S.: Contact me for access to my private groups, currently providing trading signals for BTCCNY             futures , analysis on request, private tutoring and also Forex signals and coaching as well.
Comment: Seems to be breaking up.
Watch it, no confirmation for long yet.
Comment: Fakeout for now.
No trade is safe yet.
Comment: Low liquidity drift.
No one's interested in ETHXBT it seems.
Comment: Seems like we march towards 0.001-0085.
snapshot
This is my FIRST post ever and I am proud to be your friend here and to post oposite view of the same thing here ;) :D
+1 Reply
Hi, thanks for stopping by mate. We go way back...Cheers!
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