$ETHBTC: Monthly chart points lower still...

Jan 12, 2020

The closer ETHBTC gets to 0.0134 the higher the reward to risk will be to go long, but until March 2020, the possibility of hitting 0.0063 remains high. After then, we might have a chance to go long in the long term. Path of least resistance remains down in the ratio until March. With talk of ETH2.0 being released by Q3, this might cause a bottom to ensue in the ratio finally, but for that we need to see a major capitulation of ETH holders, which hasn't happened yet. We also need the ICOs who raised tons of ETH to sell all they have to sell, that puts a lid on any advance for now.

Breaking below 0.1611 would be a good thing to see, let's wait and see how this unfolds. My guess is that the ratio will accelerate lower with BTCUSD moving higher towards 10-20k.

Cheers,

Ivan Labrie.

Jan 12, 2020

Note

This retrace we had in January, was a good short entry, now it's not as good reward to risk wise in the short term but it's definitely not a buy yet.

Jan 17, 2020

Trade closed manually

I covered in loss a few days ago at 0.018 something, Tuesday.

The idea is valid, by March we get a buy signal, long term for the ETHBTC ratio. IF this level holds -white box in the monthly ETHBTC chart- the stop loss to long spot ETHBTC would be 0.0134. Upside would be tremendous if works, so it's worth keeping an eye on.

Feb 9, 2020

Trade closed manually

I find the monthly #ETHXBT signal hard to believe, but the target is confirmed already: Once above the 0.03 level, it may become more probable.

Downtrend failing...

Feb 12, 2020

Note

ETHBTC: This seems doable.

Feb 18, 2020

Trade closed manually

I was long from 0.02306, sold here:

Oct 31, 2020

Note

Back to a bearish scenario for $ETHBTC...



Monthly resistance hit, the weekly flashed a downtrend signal recently, expecting further downside, which will likely trigger a longer term decline.