EthereumLong
ETH end of a long consolidation
As described in my previous post, ETH did a good job of consolidating. Once we test some recent lows, its time to look at the sky.
We saw an inverse proportion between BTC andETH. We will follow that for a while. Expecting a quick correction to BTC which will move ETH price a lil higher.
As we are approaching Dec 10th and 18th with a caution, BTC futures being launched, it is more speculation that will bring BTC down to the earth (relatively reasonable ranges). If that happens, ETH will be a safe haven for all the BTC bulls until the dust settles.
Bottom line, we will have some opportunities to trade meanwhile.
Good Luck.
ETH did a good job of consolidating. Once we test some recent lows, its time to look at the sky. We saw an inverse proportion between BTC and
ETH. We will follow that for a while. Expecting a quick correction to BTC which will move ETH price a lil higher. As we are approaching Dec 10th and 18th with a caution, BTC futures being launched, it is more speculation that will bring BTC down to the earth (relatively reasonable ranges). If that happens, ETH will be a safe haven for all the BTC bulls until the dust settles.
Bottom line, we will have some opportunities to trade meanwhile.
Good Luck.
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