Entered Long ETHBTC

By norok
Wizard
Updated
Entered an exploratory long inside the recent consolidation of the Ethereum/Bitcoin cross. This trade expresses my thesis that Ethereum is becoming the dominant coin in the cryptocurrency space and should continue the recent trend of appreciating against Bitcoin. ETHBTC has recently been caught between two major Retracement levels and this mid-consolidation trade is putting risk on that the consolidation will break to the upside. Lower timeframe setup and signal below:
Comment
snapshot
Trade active
snapshot
First target, top of range, reached
50retracementBitcoin (Cryptocurrency)CryptocurrencyETHBTCEthereum (Cryptocurrency)spike-tradingTrend Analysis
norok
Wizard
"Be to others the person you needed to meet 10 years ago"

Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade

Related publications

Disclaimer