ETHXBT: Scariest chart ever...
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I set an alert here to monitor this chart, if 
ETHBTC were to fall below 0.02405, things could turn from bad to worse in the ratio chart.
I'm currently longETHUSD, and waiting to exit in profit, and I think at one point during July we may get a retracement in crypto markets accross the board...I also think ETHUSD can confirm a monthly uptrend during July, so I will carefully watch how chart patterns and sentiment evolve over time from here onwards. We need to be aware of this trend signal in the monthly ratio chart as well...positioning of crypto portfolios might be better off if there is exposure to BTCUSD, and not only alts (even though ETHUSD will likely perform well).
This chart shows the doomsday scenario for altcoin holders, where NO single altcoin beatsBTCUSD ever again...IF this trend signal confirms, odds of that happening will be 70%, for as long as price doesn't go back up, and above the levels specified on chart. USD wise we can make profits in alts, specially in solid ones like ETHUSD, but they might end up falling short compared to Bitcoin. Since most people have been stuck on long alt positions since 2017 (where altcoins surged like never before), this chart signal actually working is a very real contrarian scenario.
Keep this in mind...
Best of luck,
Ivan Labrie.
ETHBTC were to fall below 0.02405, things could turn from bad to worse in the ratio chart.I'm currently long
ETHUSD, and waiting to exit in profit, and I think at one point during July we may get a retracement in crypto markets accross the board...I also think ETHUSD can confirm a monthly uptrend during July, so I will carefully watch how chart patterns and sentiment evolve over time from here onwards. We need to be aware of this trend signal in the monthly ratio chart as well...positioning of crypto portfolios might be better off if there is exposure to BTCUSD, and not only alts (even though ETHUSD will likely perform well). This chart shows the doomsday scenario for altcoin holders, where NO single altcoin beats
BTCUSD ever again...IF this trend signal confirms, odds of that happening will be 70%, for as long as price doesn't go back up, and above the levels specified on chart. USD wise we can make profits in alts, specially in solid ones like ETHUSD, but they might end up falling short compared to Bitcoin. Since most people have been stuck on long alt positions since 2017 (where altcoins surged like never before), this chart signal actually working is a very real contrarian scenario.Keep this in mind...
Best of luck,
Ivan Labrie.
Anmerkung
Trade ist aktiv
It's on!
Anmerkung
Price is moving lower and lower over time. Very clear down trend.Anmerkung
ETHUSD is a good risk reward long trade here, but, long term signal hasn't yet kicked in, and ETHBTC is trending down. BTCUSD has max 13.6:1 risk reward, vs 9.5:1 for ETHUSD, in the absolutely best case scenario which is lower probability than BTCUSD's signal. I wouldn't reccomend to buy ETH or any other coin, BTCUSD has the highest odds of success in crypto currently. Still, you could leverage long here, using BTC as collateral, if you were so inclined, but definitely don't try to fade the ETHBTC trend. It will keep going lower and lower over time.Anmerkung
There's a chance #ETHUSD rallies from this spot from next week onwards...It has formed an 11 week accumulation level and could start a weekly trend: #ETHBTC could have bottomed if it holds up, since it didn't erase the huge monthly candle from early 2017 that kickstarted the alt frenzy back then.
Trade wurde manuell geschlossen
Trade ist aktiv
Probably good to short again: Anmerkung
On track for more downside, ethbtc is inverted btcusd...and btcusd is trending up. This will keep falling and falling...
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