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slfmd
Nov 4, 2017 10:04 PM

ETH/USD & BTC/USD (Day Trades) 

Bitcoin / United States DollarCoinbase

Description

Short term ETH symmetrical triangle and possible BTC trend-line break. Both of these are day trades if they are validated.

Comment

ETH trade validated and facing stiff resistance on the way down.

BTC hasn't broke though with conviction yet. BTC is extremely overbought on all indicators and has been for a few days. I wouldn't make a trade until there is a clear and sustained breakthrough the 1 day resistance.

Trade closed: target reached

ETH trade is closed. Did't hit $290 but only a couple bucks off. BTC never broke long term resistance with conviction so that trade was invalidated.
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