BTC vs ETH - Who's in charge here?
Just a quick note as an update to my previous BTC charts. BTC still struggling with that 200 dma but consolidation just below without a huge rejection is ultimately bullish. The pullback to the 45/44 area was not unexpected. Keep knocking on that door and it’s bound to open.
ETH on the other hand seems to have broken thru the 200 dma. We shall see if it holds over the weekend, but it looks very strong. Average volume is still trending up. Another good sign.
I look for ETH to lead the way on the threshold of the conversion. Lots of Alt’s riding as well. SOL, AVAX, AXS, LUNA and others all making strong moves. I’m waiting to see what happens on sell off Sunday before making any adjustments but so far so good.
Cheers!
ETH on the other hand seems to have broken thru the 200 dma. We shall see if it holds over the weekend, but it looks very strong. Average volume is still trending up. Another good sign.
I look for ETH to lead the way on the threshold of the conversion. Lots of Alt’s riding as well. SOL, AVAX, AXS, LUNA and others all making strong moves. I’m waiting to see what happens on sell off Sunday before making any adjustments but so far so good.
Cheers!
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