kinetictrading

RSI Trendline Breakout. Going long ETHXBT

Long
KRAKEN:ETHBTC   Ethereum / Bitcoin
With the breakout of the triple top in ETHUSD, there are other opportunities in the market worth examining. This make take a bit of time to develop as Bitcoin may rally along with ETH, whereas a decline in XBT would accelerate the chart to attain target prices 1 and 2. We will sell 1/2 of our position at each spot. Stay patient and disciplined.

The position will be opened on bitmex using futures, which provides a low initial margin and use of capital and efficient method of participating in these types of move without a whole lot of funds to start.
Gotta play the game, even if funds are low at this point.

Every penny.
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