Crypto market likely bottomed here

2019년 11월 25일

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 ETHBTC 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.

2019년 11월 30일

노트

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!

2019년 11월 30일

노트

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.

2019년 12월 1일

노트

Sideways it is...see cyan line for my guess, would be a good basing pattern.