This is just a quick notice of a possible bullish momentum on 
ETHBTC. The move is not confirmed yet. Notice how the circled pattern repeated before. The first time it occurred in a bear market. This time it's occurring in a bull market. And as much as I would hate to see Ethereum steal some of the market cap of Bitcoin, this is merely a trade. In my opinion, there is enough bullish momentum to minimize the probability of hitting the stop loss at 0.02 BTC. Our target is 0.085 BTC. This is a lower-risk chance to multiply some of your BTC holding. The higher risk being one of those hundred other hot cheap altcoins whose ends only God knows.
Keep following my updates on this idea to see when the bullish move is confirmed.
ETHBTC. The move is not confirmed yet. Notice how the circled pattern repeated before. The first time it occurred in a bear market. This time it's occurring in a bull market. And as much as I would hate to see Ethereum steal some of the market cap of Bitcoin, this is merely a trade. In my opinion, there is enough bullish momentum to minimize the probability of hitting the stop loss at 0.02 BTC. Our target is 0.085 BTC. This is a lower-risk chance to multiply some of your BTC holding. The higher risk being one of those hundred other hot cheap altcoins whose ends only God knows.Keep following my updates on this idea to see when the bullish move is confirmed.
Note
We're seeing some resistance. We need the neck of the head and shoulders to break upwards in order to confirm the big move to 0.085 BTC.Note
Chart for previous comment.
Note
We're almost breaking it this time.
Note
OK this is a bit disappointing. ETH might indeed go higher and break the resistance at 0.0426 BTC, but the confirmation I've been awaiting did not come. So now I have this curved channel which I believe will hold the price and we can see expect bullish momentum from there. Keep following my updates.
Note
Reversal signal on ETHBTC.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.