ETHBTC had a nearly perfect capitulation period here and is springing back with a whole new life
A lot of longs were cleared from the books that were in places for well over a year now. This was simply the rocket fuel needed for our new shiny spaceship that is piloted by cats.
Expect heavy resistance around the 045 area, overall trend is still down but bullish in the short term. Once we reach around 052, things will pick up a lot.
I see .07 coming up between now and February but my end goal is .3 btc.
Active short term trade targets are, .043 and .052 for now
A lot of longs were cleared from the books that were in places for well over a year now. This was simply the rocket fuel needed for our new shiny spaceship that is piloted by cats.
Expect heavy resistance around the 045 area, overall trend is still down but bullish in the short term. Once we reach around 052, things will pick up a lot.
I see .07 coming up between now and February but my end goal is .3 btc.
Active short term trade targets are, .043 and .052 for now
Note
moving faster than first anticipated. New ATH coming against ethbtc.Once ethbtc clears 0.153, this is your signal to get back into btc!
Note
watching close for good re entry, kinda seems 50/50 on going back to mid 075 range or down to test the trend at around 048.Note
Note
expecting it to make a decision around the end of July
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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.