$ETHBTC: Bullish in the weekly chart

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Weekly trend has now turned up in the ETHBTC ratio, while the bearish trend in the daily failed to hit target and was completely erased. It seems buying into the merge event is driving the ratio higher here. I can see the 0.092 target zone being hit quickly here, while you may also qualify to receive some free coins if there is a fork (you can see how much it's worth using the ETHWUSD or ETHWBTC symbol from Bitfinex). Coincidentally, there's a bullish timemode trend signal in the ETHWUSD and ETHWBTC charts that just flashed today, as this signal in ETHBTC triggered in the weekly. Might be an interesting move.

Best of luck if buying.

Cheers,

Ivan Labrie.

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ملاحظة

Daily trend signal active now too...Looks strong, today's volume is larger than yesterday and we also have a range expansion, breaking out of a tight consolidation, while the 'RgMov' indicator shows hidden strength breaking out into new highs ahead of price.

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I'm personally out, but watching, the next risk event is the fork itself...this monthly close can define the trend longer term.

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ملاحظة

I think it's clear BTCUSD won't fall right away, might take until November to get a trend signal in monthly scale again.
I'm long ETHBTC again from here today, after having taken profits before.
Risking a 18% ish drop to make 50-90% over time if the monthly signal confirms.

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تم فتح الصفقة

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ملاحظة

I'm long spot ETH but have no short BTC leg paired to it now.

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ملاحظة

Failed uptrend signal in ETHBTC, target on chart for now, if hit, the weekly will fail too, and potentially the monthly.