Bitcoin is Consolidating and Ethereum Deserves Your Close Attention

BitsPlan

Bitcoin is still consolidating.  It likely will not get exciting for at least a few more days.

Meanwhile, Ethereum continues to arouse my suspicions that it is on the verge of yielding a trade opportunity.  Two days ago I noted that it seemed to be giving buy signals.  Indeed, I went long at that time.  But after 24 hours I closed the position at a small loss just a couple hours before the panic selling began. At the time I was glad I exited when I did, but I remain very interested in this asset.  I will but it again in the very near future, I suspect.

I can only show Gann Squares so many times before even I get bored with seeing them, so I want to show a few other Fibonacci tools for our education and amusement.

First I wanted to demonstrate how there are other geometric relationships on a chart that are too easily overlooked.

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Read more ... source: TheBitcoinNews

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