fitzpa59

ETH Breakout

Panjang
BITFINEX:ETHBTC   Ethereum / Bitcoin
Many coins showing inverse H&S Patterns with a wedge that began In the beginning of Feb. ETHUSD revisiting $700+ doesn't seem unlikely.

Long time frame on ETHBTC is very interesting and suggests we may see a big ETHBTC breakout. ETHBTC has been moving between fib levels since bottoming out in December.

Looking to see ETHBTC hit the 0.5 level and top of the wedge. If ETHBTC breaks it could stall at the 0.618 level where it'll see a lot of resistance. For ETHUSD positions, watching the ETHBTC chart will be a useful guide for timing your ins and outs.

Penafian

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