cryptonion
Panjang

ETHBTC - Buy Opportunity

BITSTAMP:ETHBTC   Ethereum / Bitcoin
Description of the drawing: Soon to land in the almost 20 days of run, it is time to buy and start taking advantage of the bitcoin             correction.

Entry price: 0.044160
Exit price: 0.050966

Resistance to watch:0.047375
Support to watch: 0.042716

Exit position fraction:12/03 - 12/05

Market Sentiment: Bitcoin             , CME is coming.

Risk of the Asset: High
Any token you guys would like me to do an analysis?
Balas
But looking from opposite side, bitcoin was overvalued and etherum price didn’t follow it, had been well behind. Bitcoin price dropped eventually, what prove your analysis is right, but from the opposite side. You’ve predicted bitcoin price descending, not etherum rise.
Balas
Almost buy time!
Balas
I think the entry is a little off. We should be looking to get in between 0.037 and 0.039. The bitcoin correction is not coming, due to the pump and dump flash crash. However, I think that BTC will cool off a little while ETH rises close to 600, and we should be looking at a ratio target of 0.048 and 0.051.....what do you think?
+1 Balas
cryptonion Phattyoshis
@Phattyoshis,
i think similar, as bitcoin recovering sometimes it affects eth. we can see a possible gain a little below ath of eth. good call, lets watch, analyse and attack.
+1 Balas
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