Ethereum continues to be very noisy, but most importantly consolidated of. It looks to me as if there is significant support just below at the $292 level, and if we can get that low, I am more than willing to start buying. A break above the $316 level continues to be what I need to see to go long of this market for a bigger move, but in the meantime buying little bits and pieces on short-term pullbacks could be a nice buying opportunity to build up a much larger position than usual.


With Bitcoin making all-time highs against the US dollar, it’s not a huge surprise that this market continues to drop from here. I think that the 0.047 level should now offer resistance, so on short-term rallies, and exhaustive candles, I am more than willing to start selling, as the downtrend is so firmly ensconced.

Thanks for watching, I will be back tomorrow.

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.



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