The ETH/BTC ratio breached a major support not long ago that was built over over a significant amount of time therefore I would not expect this situation to resolve quickly. Ethereum is set up for a long down trend against Bitcoin and when Bitcoin breaks its ATH and ETH bagholders are stuck in neatural the panic will be great. My guess is a massive ETH capitulation is coming but as to exactly when is anyones guess.In the meantime we have our short term targets. Lets get it.
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We are on our way to my first target! I hope everyone who is following along is doing well. Remember, risk management is everything!
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First target hit
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Target 2 has now been hit! Loving this trade
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The collapse continues! Please share with any of your alt coin friends if you haven’t already!
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We are so close to my third target I can taste it!