ETHXBT liftoff imminent

9 Mar 2016

There is a wave 5 in the works. As illustrated in the graph the price failed to break the UML of a green schiff pitchfork and momentarily bounced off it. Might breach 0.036.

13 Mar 2016

Not

Technically 1H bullish pennant followed by a symmetrical triangle completes wave 5. One thing to consider is that the ratio for wave 5 could be 1.618 X wave 1 or 2.618 X wave 1 as is known from research, and this fact alone sends the price to 0.04527 and 0.06027 respectively.

Place shorts: 0.343-0.0347
Stop loss: 0.0357
Profit taking range: 0.03