Ethereum price declined heavily ABOVE the 0.025BTC support level against bitcoin and lastly trapped into a descending triangle.
There is a significant bearish trend line formed with resistance at 0.0258BTC on the WEEKLY chart of the ETH/BTC pair.
The pair remains at a risk of more losses below the 0.025BTC support in the near term.
here we have a well opportunity to long bitcoin if we broke the 8400 resistance level. there is a good potential to touch 9800 before collapsing this rally.
the Reward/Risk ratio is around 3 which is acceptable for a short term trade setup.
2019 looks bright for Ethereum as HTC Blockchain Phone Exodus 1(which is only accepting Bitcoin and Ethereum) has already been launched in advance on December 12, 2018, and is ready for purchase. Even Ethereum is expected to experience their Constantinople hard fork in February 2019, wherein the block times would start to increase, and by May 2019 the difficulty...
This is obvious to me Bitcoin is resonating between two parallel and parabolic lines. sooner or later we'll see a relative breakout to upper targets. In long term i think this is just a pullback and correction is still continuing.
After this mega bull run on BCH, it just faced a parabolic support line for five time, four of them had a great support effect and price bounced up . what do you think about this fifth approach?
we can see DMI indicator is in falling volatility state and at the same time RSI is goes down which means a healthy consolidation. so i can see a better chance for a...
after this week's panic and bull run story BTC is currently on a short cool-off wedge. by the way i can see some buy opportunity for today or next day if this falling wedge pattern works out. to find the best entry point we have to wait for the first signs of the break out.
tp1 $3745 , (618 fib )
tp2 $3900 , (the greater falling wedge resistance point)