Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
BTC short VS ETH long idea
Whenever ETH touches 0.1 , BTC gets all emotional. Add that to the fact that BTC hasn't completely finished consolidating after it's pump and you get what I've outlined here.
Based on last nights' observations, there are some whales with deep pockets who are very interested in keeping ETH price stable above 0.09 and I see them aiming above 0.1 tomorrow & onwards. Them times of 0.04BTC ETH are over.
If these assumptions and my calculations are true, then you get what I've outlined here.
Indicators: Gann fans Order books
Remember, Assumption is the mother of all fuck-ups.
Sometimes when BTC and ETH meet it means BTC is gonna break above and inverse. In this case the buyers didn't slow down in BTC (surprised me a bit too) had the right idea but look for areas to buy eth when its really low in correlation to BTC rather then a spot they are about to swap because its less risky. Great work! keep it up :D
borderstep
⋅
Nevermind.
BTC to hit 3130-3140 USD later today. Then downfall.
Get ready to grab cheap ETH and XRP.