DrJLT

ETHBTC: can the reversal pattern be confirmed?

POLONIEX:ETHBTC   Ethereum / Bitcoin
Very simply review of 2017 & what we can look forward to in 2018.

I personally believe BTCUSD is still in a downward trend w/ H&S to be confirmed soon (it's now making lower highs & lower lows). In this context, many coins are going down against USD. With POS coming for ETH, I think it's interesting to look at ETHBTC.

In my previous post wrt ETH, I mentioned the ETH should be more resistant against selling. Against BTC , there's potentially

1. an inverted H&S forming, but volume hasn't been strong enough & the neckline isn't broken.
2. a rising wedge , which may lead to further falls.

In this context, we should use caution. My personal take would be to sit this one out & maybe invest in some cheaper coins with more upside potentials.
Jan 01
Kommentar: Here's my take on the price movements in general: https://www.jlteng.com/economy-business/...
Jan 02
Kommentar: Confirmed reversal
Jan 04
Kommentar: Very bullish now. We may just see 0.15 again soon (esp if they have the POS fork).
Good call
+1 Antworten
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