I'm thinking we reached the bottom of the correction in both $BTCUSD and $ETHUSD. It's interesting to note that $Ethereum is acting very strong, with the $ETHXBT ratio moving up on the day, as $ETHUSD moves up faster than $BTCUSD today, not the norm for a long time.
My clients and me are long from the very bottom, and if this was not a bottom yet, downside risk is very small.
I expect a rally towards 7400 at least, before going sideways until January, or, perhaps a larger rally towards 8462 or 9112, to then consolidate there for a couple months...
Cheers,
Ivan Labrie.
My clients and me are long from the very bottom, and if this was not a bottom yet, downside risk is very small.
I expect a rally towards 7400 at least, before going sideways until January, or, perhaps a larger rally towards 8462 or 9112, to then consolidate there for a couple months...
Cheers,
Ivan Labrie.
הערה:
Options sellers won (call buyers didn't manage to push price over 8k or 10k, but not for lack of trying, since clearly price DID go higher into the expiration), #BTCUSD stays sideways since call buyers' attempt at protecting their positions failed
Hold!
הערה:
IF #ETHUSD bottomed, and that is a big IF, I wouldn't be shocked to see a rally like this take place:
My main concern is timing the entry using spot #BTC to buy #ETH, for now we will trade #ETHUSD on margin to avoid losing #BTC account value.
הערה:
Sideways it is...see cyan line for my guess, would be a good basing pattern.
Sideways it is...see cyan line for my guess, would be a good basing pattern.
