sarged

sarged Updated 

If you follow the prices of ETH for the last few days, it's been very weak. The only reason we went past 900 USD is that bitcoin was dragging it, but it can't continue forever. In the market like this where there is uncertainty - Ethereum can't sustain. The thing is, Bitcoin ran to ATH in December, and it has been consolidating ever since. Ethereum rally ended...

sarged

It's been 2 months since bears have been slaughtering this market, however the slaughter cannot continue forever and bitcoin has been showing signs of recovery after hitting the bottom. Right now it's about to break free from the bear dominance, but as expected, there is also some resistance to overcome. At this trading idea I want to highlight some indecision in...

sarged

We broke out the trend but not for long as it quickly headed down. However looking at the MA and MACD, there is no clear indication of it being bearish. So most likely we are heading sideways. We will touch the red line again very soon. Then let's see what happens. From there on it could go either way. But eventually I think the red line will be broken.