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Ethereum/Bitcoin (ETH/BTC) Technical Overview 16 February 2017

Note : This post is only look at technical chart perspective

ETH/BTC daily chart
ETH/BTC Daily Chart. Data

Noteworthy ETH/BTC Price Levels,

Year High 0.013500 January 14 2017
Year Low 0.007823 January 2 2017

ETH/BTC price slipped another -2.71% from yesterday close. The Ethereum rose above 0.0135 on Valentine’s Day. The rally was sparked on the new of Microsoft ties. Ethereum/Bitcoin market closed higher high on February 14 affirming a upward trend from starting of the year.

ETH/BTC daily chart
ETH/BTC Daily Chart. Data source:Poloniex

On the 15-min, the price pressed down further after broke 0.01250279 crucial line on the forth attempts. The price reverese from the low of 0.01219690 and now closed at 0.01239933. The volume is gone softer compared to the buying interests two days ago.

ETH/BTC 15-minutes Chart
ETH/BTC 15-minutes Chart. Data source:Poloniex

Some Critical Price Levels for the Immediate Term

Important Resistance Levels

R1 – 0.01263000
R2 – 0.01289590
R3 – 0.01320030

Crucial Support Levels

S1 – 0.01233300 – immediate support level
S2 – 0.01219690
S3 – 0.01193790

You Could also buy Ethereum/Bitcoin Futures on BitMexT
Ethereum/Bitcoin Future
he ETH derivative is in the form of a Futures Contract and allows traders to speculate on the future value of the Ethereum / Bitcoin (ETH/XBT) exchange rate. Traders need not have Litecoin to trade the futures contract as it only requires Bitcoin as margin.

Trade Ethereum on BitMex Futures

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Please let us know what your thoughts on this latest cryptocurrency sensation and update us if you have any insights in the comment section below.

Chart via tradingview, data source from Poloniex,, SimpleFX and BitMEX.

The author is a self-described cryptocurrency activist. Ironically, he is not involved directly on the development and mining. But a keen trader that specifically studying and analyzing the chart and prices based on zen principles of candlesticks price action techniques. And most importantly, he is always prone to deceiving price movements that can exposes to trading losses. So trading based on his personal opinions is extremely risky and not advisable.

Please do your own due diligence before making any investment decision. This article should not serve as investment advice. This post is mainly as reference and tutorial for trading on possible cryptocurrency breakout.

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