ETH BTC Price Action Fractal Short Setup

21 May 2016

There is a strikingly similar price pattern behavior developing in (eth) that I have seen recently in (btc).

I am watching for price to consolidate near 0.0293 and begin making the next and final leg higher which should end at or near 0.0371 creating a double top at it's previous high.

I have provided 3 charts in the comments section below to help illustrate my thinking and give you a more clear picture of the direction I believe the market is headed.

Good Luck

21 May 2016

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This first chart shows btc in the blue “bars patterns” next to the eth price action.

21 May 2016

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This second chart shows eth in the blue “bars pattern” next to btc price action.

21 May 2016

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This third chart gives you a longer view of my thinking.