ETHBTC - Struggle at the 100 EMA

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Prediction is a pullback to a lower support level.

XRPBTC is a possible leading indicator. Always a chance at a break of resistance but it is less likely.

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ملاحظة

0.618 retracement is around 0.01950

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ملاحظة

Other shitcoins had a full retracement, although shitcoin LTC seemed to experience a massive dump on LTCBTC. ETHBTC may follow, therefore it makes sense to have low limit buys.

There is a little bit of strength on ETHBTC compared to the rest, but I am not entirely convinced that it's "decoupled" from the market.

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ملاحظة

Roughly +29% for LTCBTC from the recent rise, and +36% from ETHBTC. ETHBTC held better on the sell off, but I think it goes a bit lower at least down to 0.0195.

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ملاحظة

Pullback to that area occurred. I sold my 0.01653 buys at 0.02114, but got greedy and wanted 0.01837, and it did not fill. I am leaning towards ETHBTC continuing to rise but I'll try to come up with reasons why.

As of now, I am bag holding some of my 0.026 buys, but I am still fairly confident long term with ETH.