Bitcoin continues to show strength as it is continuing to test the recent $750 high as these words are being typed. Nothing has changed in terms of targets from what was written in this column yesterday. Namely, resistance lies in wait ~ $810, but that resistance will likely yield. Stiffer resistance will likely be seen at ~ $855.
Ethereum continues to disappoint expectations. As these words are being written, ethereum’s daily chart continues to be confounded by the 2nd arc of the 3rd pair.
Price was knocked down hard by the 2nd arc pair (1st arrow), and turned down violently at the end of the 2nd square. It then meandered sideways until it hit the 3rd arc pair. Ever since price hit that pair back in the beginning of October, the pair has bedevilled the asset. Finally, after more than 5