Ethereum / BitcoinUpdated ETH/BTC up into resistance, near the top of this pair
Ethereum is pushing up strongly again into an area of resistance that will likely mark the top here as .0775 seems to be a prior retracement level. Is Ethereum FUD coming? And will traders pivot back to Bitcoin?
Note
I moved a few into Bitcoin at this level, though I expect there is a 'safer' trade.Note
Bitcoin has been behaving, and did not dump leading into Monday. Ethereum pushes through the area of resistance. Cryptotraderdog has a really nice projection of us hitting .09 which would be an all-time high vs. Bitcoin as far as I can tell. I'd be more inclined to scale back once we start hitting the top candle at .079. But overall great news to recoup some profit while we are on shaky ground with respect to Bitcoin volatility as we near 40k.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.