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Nickonomics
Aug 25, 2017 12:33 PM

Cryptogiants Bitcoin and Ether are heading for new highs Long

KRAKEN:ETHUSD240
Ethereum / U. S. DollarKraken

Description

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Given high short-term correlation between these two pairs (~0.9 @H4 chart), I'm joining them together into one idea. In both cases Wave 5 seems incomplete, so there is room for more gains.

Comment

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Main target reached on ETHUSD overnight. BTCUSD is trading range-bound yet.

Trade closed: target reached

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Main target reached @btcusd.
+6,50% on BTCUSD
+6% on ETHUSD
Wave AnalysisTrend AnalysisnixcoinBTCUSDBitcoin (Cryptocurrency)ETHUSDEthereum (Cryptocurrency)etherETHBTC
Comments
view_trade
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@Nickonomics Where do you think ETH will go from here? Thanks!
Nickonomics
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@view_trade, Not sure yet. All waves are in place - the pattern is complete. This means the risks of correction are high.
axdimensions
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Will we expect a bearish trend now?
Nickonomics
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@axdimensions, BTCUSD is expected to make new highd still.
axdimensions
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@Nickonomics, Oh, thanks! Btw, any plans to cover BCHUSD pair?
Nickonomics
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@axdimensions, Yes. Let's wait for a tradable pattern to develop.
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