EthereumLong
ETH/USD VS BTC/USD. Follow the leader. LONG ETH
Updated
Just another quick one. BTC had been leading this recent push & ALT/BTC pairs have been bleeding profusely. BTC consolidated from AUG - OCT while ETH has spent an extra month in the range before breaking to the upside. when BTC broke this range It ran for the following 5 weeks... Are we about the see the same from Ethereum? Check the linked Idea for more Bull Porn
Key points:
Never Trust. Verify.
D.Y.O.R. Not Financial Advice, this is my trading journal.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Key points:
- BTC has made an amazing push towards the ATHs
- ETH has been lagging
- ETH has broken out
- Looking at the similarities of the charts, it looks like ETH is about to have a 160% run over the next 5 weeks
- A break below the $430 has me out of the market to re assess
Never Trust. Verify.
D.Y.O.R. Not Financial Advice, this is my trading journal.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Trade closed: target reached
That was a nice Quick 160%, I hope you where in it ;) Even though this target has now been reached, BTC has continued to run to run so I expect Eth to do the same..
Note
BTC has tripled since this call.. now ETH is where BTC was before it tripled... 6k ETH incoming?
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