ETHXBT: Update
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Ethereum hit a good support level, where we added to longs, as a hedge against our long BTC exposure. I cut down my position in BTC, from 80%, which acts as a take profit, after buying on average at 864 usd recently.
We're long with equal weights, in BTC and ETH, as well as a small position in ETC, and aiming to capture upside in these markets. I reserve the specifics of my trades to my signals clients.
The chart here shows that we're still fighting the linear regression line from the top of the downtrend following the DAO hack events. Once we break up, it will be a very big deal.
Ethereum is the most interesting one here, together with Bitcoin, since the upside targets in the fiat charts are very appealing.
Good luck if long, be patient, and add on oversold dips, if you still don't have 50% of the account in ETH, or at least the reccomended long term 20% position.
Cheers,
Ivan Labrie.
We're long with equal weights, in BTC and ETH, as well as a small position in ETC, and aiming to capture upside in these markets. I reserve the specifics of my trades to my signals clients.
The chart here shows that we're still fighting the linear regression line from the top of the downtrend following the DAO hack events. Once we break up, it will be a very big deal.
Ethereum is the most interesting one here, together with Bitcoin, since the upside targets in the fiat charts are very appealing.
Good luck if long, be patient, and add on oversold dips, if you still don't have 50% of the account in ETH, or at least the reccomended long term 20% position.
Cheers,
Ivan Labrie.
Nota
ETH looks great.Nota
Nota
Moving on up now.Nota
Nota
ETH must hold here.
Nota
It sure did.
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