This is just a quick post to track ETH's price movement. We have bounced cleanly of the 1.272 fib channel line of the Andrews Pitchfork. If we are going to find a bottom anytime soon, this would be it.
I will try to post a more in-depth analysis later.
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We managed to stay in the pitchfork. I think we will likely range between $700 and $900 for a few days, after that we will have to see. Reference this chart for one potential (bearish) outcome:
any update on ETH? Which do you prefer these days, ETH or BTC in Feb?
Manifested
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@renkcub, Potentially, yes. But keep this chart in mind, it may have more to fall.
Johnnysharp
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@Manifested, appears from this you see eth lagging Btc... that means if btc recovers, eth /btc pair could dip.. btc safer for now?
Manifested
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@renkcub, Potentially yes, I'll try to post on the ratio, but I think if BTC comes back strong and ETH does in fact follow in BTC's footsteps, it could spell blood for the eth/btc ratio.
ignacio560
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This is a beautiful chart. You won yourself a follower.