nahidik
Long

A vote for ETH and a vote against XBT in the short term.

KRAKEN:ETHXBT   ETH / XBT
ETH has broken out of its 4 hr             structure and rallied as expected. Now a nice retracement has almost completed. It has the look of wanting to go long as much as the XBT looks like it wants to go short. However looks don't make a trade. Watch for a pull back to the .500 where you find a trend line and strong support area . I will look for signals to go long at this level. Otherwise a break and close above the purple line with some consolidation. If on the other hand it breaks below the .618 and blue 4 hr             TL, there is not much to stop it until 1650.
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