ETH/BTC is about to make a BIG move....but which way, Up or Down???
First post here. Some may recognize me as being from the Ethtrader sub-Reddit.
With regards to ETH/BTC, essentially it all comes down to tomorrow's hard fork. There's strong resistance at 0.0209 but then nothing really in the way above that until that trend channel top at 0.0309.
On the other hand ETH has been riding along a short-term rising support trendline which sits at 0.0160 or so...breaking that would leave a massive vacuum of space until the 0.0130 region...but breaking that would target the bottom trend channel at 0.0109 or so, and breaking that....well....would be pretty devastating to the chart and to ETH, IMO.
I'm a betting man and so I am guessing we rise up to that first resistance at 0.0209 first and then fall back down to the first support at 0.0160 and then basically complete a triangle here on out until the end of August.
From there though....who knows.
We'll see.
I was noticing this earlier when I was trading on Poloniex!
I'm watching that as well in the very short-term. This hard fork will definitely lead to many trading opportunities across all timeframes for ETH. Good luck to you!
Welcome to steemit Jesse... - hope to see more of your posts around here
https://ru-new.tradingview.com/x/VpO620to/
I personally see the market so) if the resistance level is broken, it is possible to buy) to the bullish momentum
So, you really believe applying technicals in such situatin makes any sense?
Refund ETH from The DAO guide here: https://steemit.com/ethereum/@good-karma/ethereum-the-dao-refund-guide
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