Given the continuous decline of ETHBTC and it reaching a critical point. A bounce off resistance may result in a large increase in ETH prices compared to BTC and the dollar. Especially bullish given the news about Nordstrom, whole foods, and other stores accepting cryptocurrency today. This is especially important given that the app being used is based on the...
My Position: - Bitcoin: Shorting down the trend targeting $6,600, going to take a some time, I think. $6,600 may be the cheapest you will ever grab bitcoin ever (if not $5,500-$5900 will be). - Ethereum Will be dipping over the very short term but Likely increasing after that to ~$335 range.
May face a short downtrend in the very near term but target is quite clear. Would even leverage on it. I am still learning technical analysis, please do not use this as financial advise.