Could Ethereum be the first altcoin to pull away from bitcoin? Eth is testing a resistance level a whole level higher then bitcoin is testing. I think if this trend continues ETH could continue to have higher gains and less losses than BTC. Cardano is a whole other story. Will Post about ADA by the end of the day as well. Good luck in investing, and remember to do...
As we see FUD across all markets. We might see some pain until the fear of Delta, inflation and raising rates goes away. That means for the next six months or so we might see a flight to safety. Money will be going away from growth and into value. I think that the smartest investments in 2021 are going to be real-estate, crypto and possibly cash on the sidelines...
When looking at the bitcoin chart you can see that for months now bitcoin couldn't break the 41,000 - 42,500 level. Now that the short term indicators have cooled off, and bitcoin has broken resistance. I think we will see our next major test In the 48,000 range. That's a pretty decent upside even if you were to take a position today. Somewhere around 10%. Now...
It looks like bitcoin follows Fibonacci retracement more so then Support and resistance levels. Also don't forget that bitcoin is following the Wyckoff patterns almost perfectly. If you don't know the Wyckoff patterns then I highly suggests that you at least look over some of the patterns with the site on this post. Right now bitcoin is in the Wyckoff Accumulation...
Yesterday I was saying how bitcoin is over bought on the short term. We might see some stagnation, and because of that we might see altcoins try and catch up with bitcoin. Looks like my prediction has so far been correct. Both Cardano and Ethereum ran up over 5% yesterday. My next prediction is that we start to see Crypto related stocks boom this week. Such as...
We may see some stagnation in Bitcoin, just because its starting to be over bought. I do believe because of this we will see altcoins to start to try and catch up with bitcoin. Especially Ethereum and Cardano. Cardano hasn't moved very much in this rally compared to some other alt coins.
