Lion_13
Short

ETH have a strong positive relationship with BTC.

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
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7
BTC and ETH correlation hovers around 80-90%. Most of altcoins depend on BTC .
Look at my previous idea "BTC short before jump above 10000$". I expect closely the same movement on ETH.

Short from 205
Stop-loss: 240
Target: 170
Trade closed: stop reached

Comments

Here is what I will be monitoring in the ETHUSD, interesting pair
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Lion_13 VincePrince
@VincePrince, thank you for sharing! Well, time will tell...
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I'll be happy to come in and get more if it gets this low. The 195-200 resistance area has been pretty resilient even with BTC falling down below multiple resistance areas of its own. Either way, I'm definitely ready to hold while it continues to climb or sell and get more back in if it drops. Thank you for sharing.
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Lion_13 insidethesun
@insidethesun, you are welcome! :) By and large I expect the new all-time-high on BTC and therefore on ETH in the long run.
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