ETHUSD 8h: Next long-term station Area 600 USD (Fibo 1.62)

Some people believe that Bitcoin will make another strong correction, I don't expect that. On september 14th bitcoin core 0.15.0 has been released and started successfully. That is the real reason next to the china trouble why the strong movements have been at bitcoin in the last few days, in my opinion. Currently, it seems that the new core 0.15.0 is well accepted. Thus the Bitcoin will continue to rise and see no such a strong correction down to 2.500/2.000 USD. Maybe around 3.500 USD. For ETH, this means that the path is free to fibo area 1.62 (500/600 USD).

Let's see what happens. Happy trading. :-)

See also:

Sep 4

Jul 23

Commento:

faster than expected: we reach 300 usd. for a short stop.

Commento:

update ETHUSD (8h). possible: 300 usd will break soon.

Commento:

Here we are. 300 has been touched... the dashed trend line works. further up possible ...

Commento:

if eth stays at 300, a further upward trend can be expected. otherwise a small correction down to 275 might be possible.

Commento:

ETHUSD (8h) update: Short-term upward trend up to 390 possible. support line has already been tested twice

Commento:

ETHUSD (8h) update: on the road again ...

Commento:

ETHUSD (1D) chart update: Up could be expected.

Commento:

ETHUSD (1D) chart update: Resistance broke. Target Fibo 1.62 = ~600 USD.