Kraken
ETHXBT: UpdateUpdating my previous ETHXBT chart, we seem to be retracing the recent decline.
Now, this could be an uptrend continuation setup, or simply a detour before more downside.
Ideally, you could have entered longs where I covered my shorts, (which I didn't get to do).
Currently, the lower timeframes might allow an entry on the long side, if offered with a safe setup I'll update the chart.
For the time being, monitor price action in the coming days, it's logical to see a move up to 0.03175 at least, but could even go higher.
Good luck, trade responsibly, measure your risk as % of account in any trade you take, to the level where you invalidate your analysis (if you don't have a clear invalidation, you really shouldn't be in the position to begin with).
Cheers,
Ivan Labrie.
Same Same...but different? - No, not rly... Looks like we are repeating the verysame wave we saw during the past big rise in early February. Not 100% certain how high it gonna push. Therefore , a slightly conservative anticpation. Technically, It might pump to the yellow line again, up to a value of around 0.03690!
Happy Tarding!






















