As described in my previous post,
ETH
did a good job of consolidating. Once we test some recent lows, its time to look at the sky.
We saw an inverse proportion between BTC and
ETH
. We will follow that for a while. Expecting a quick correction to BTC which will move ETH price a lil higher.
As we are approaching Dec 10th and 18th with a caution, BTC futures being launched, it is more speculation that will bring BTC down to the earth (relatively reasonable ranges). If that happens, ETH will be a safe haven for all the BTC bulls until the dust settles.
Bottom line, we will have some opportunities to trade meanwhile.
Good Luck.
ETH
did a good job of consolidating. Once we test some recent lows, its time to look at the sky. We saw an inverse proportion between BTC and
ETH
. We will follow that for a while. Expecting a quick correction to BTC which will move ETH price a lil higher. As we are approaching Dec 10th and 18th with a caution, BTC futures being launched, it is more speculation that will bring BTC down to the earth (relatively reasonable ranges). If that happens, ETH will be a safe haven for all the BTC bulls until the dust settles.
Bottom line, we will have some opportunities to trade meanwhile.
Good Luck.
