ETHBTC long term Cup & Handle

It looks like ETH might be in the progress of completing a long term cup and handle. I think it will drop a bit further down to a fairly common fib retrace point. Target is a fib extension of that point starting from the bottom of the cup to the top of the right end of the cup, and then set to the aforementioned retrace point. If it shows strength towards the bottom of the handle, I'll consider buying. I would recommend zooming in to the 4hr/1hr etc if and when it reaches that point, which seems likely.

Dagangan aktif:

I'm LTH on this so it doesn't really matter, but it looks like I drew the handle too far up. I should have expected a 50% retrace. I laddered my buys so I got in a bit lower, but most of it was around 0.59. We'll see how it goes. Updating stops.

Dagangan aktif:

still in range. should reach target around new year