DrJLT

ETHBTC: can the reversal pattern be confirmed?

DrJLT Güncellendi   
POLONIEX:ETHBTC   Ethereum / Bitcoin
Very simply review of 2017 & what we can look forward to in 2018.

I personally believe BTCUSD is still in a downward trend w/ H&S to be confirmed soon (it's now making lower highs & lower lows). In this context, many coins are going down against USD. With POS coming for ETH, I think it's interesting to look at ETHBTC.

In my previous post wrt ETH, I mentioned the ETH should be more resistant against selling. Against BTC, there's potentially

1. an inverted H&S forming, but volume hasn't been strong enough & the neckline isn't broken.
2. a rising wedge, which may lead to further falls.

In this context, we should use caution. My personal take would be to sit this one out & maybe invest in some cheaper coins with more upside potentials.
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Here's my take on the price movements in general: www.jlteng.com/econo...on-crypto-exchanges/
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Confirmed reversal
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Very bullish now. We may just see 0.15 again soon (esp if they have the POS fork).

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.