ETHEREUM / BTC MAJOR REVERSAL - SAUCER FORMATION
I covered #Ethereum vs $usd in a previous post; it offered a very nice trading opportunity ~800 to 1240.
I want to take a look at $ETH vs $btc
We had really nice, clean bottoming action from Oct to January with a well defined rounding bottom & inflection P1 @ .075.The mmove target was .14 with an extension E1 @ .24
Saucer formation emerging, with potential for fireworks.
We now have a well established rounded bottom S base, with p.action targeting .169 on short frame and .24 on interm frame.
On the longer frame, however, things get a bit more interesting:
We have a 3Uv formation contained in an ascending channel.
The top of the channel is @ 2.29 , with an extension @ 3.08
R lvls : .29,.35,1.29,1.768,2.39 and ext @ 3.08
I think we will see ethereum above 2.9 btc by late summer / begin fall.
Thanks for the great info, and your time putting it all together. I have a feeling ethereum is really going places myself..
I usually post on twitter, under the same handle as here.
I have been posting on Ethereum for a while now, vs $usd, covering the "Monster Wedge" development from $290.
It has been an extremely rewarding trade overall..., however, i believe the best is yet to come.
Ethereum has the best set vs all other crypto at the moment. VS usd the pattern remains constructive above 840. Vs $btc above .078
You might consider giving $NEO & $GAS a look, i will post on those soon.
Esperemos que así sea.
I am going to keep updating this as often as i can.
I think we see ethereum $ETH above 2.29BTC by September/October 18' .