Bitcoin (BTC/USD) and Ethereum (ETH/USD) Follow Up: Now What?


() and Ethereum() met What now? As we’ve commented in our weekly recaps and various daily broadcasts, both have produced adjusted congestion numbers. The former should have risen to at least 18,000 and the latter to 1,350. At least for now, this is a correction, these increases may be over. One must keep in mind that the main trend of both is also short.

It seems to us and our system that we are now setting the counter to zero after these long moves. Both options are open. Although lateralization may be the choice of days.

The long option would go through the volume curve with much more force than seen so far. In addition, they must overcome major resistances, which we will describe in more detail in the video analysis that accompanies this article.

The short option that is most likely right now is the one that would take the price back to the low as long as it is accompanied by short volume. Obviously, if short volume enters with virulence, previous ground would likely be lost. We will also describe the main supports in more detail in the video analysis that accompanies this article.

As we mentioned in previous monographs, we have three futures to manage these two markets. BTC or ETH are futures with guarantees and high commissions. MBT is Micro Bitcoin and MET is Micro Ethereum with a value of $0.5 per tick and reduced commissions based on value. However, we have had other new, even cheaper options for several months now. These are BIT Nano Bitcoin and NET Nano Ethereum with a value of $0.05 per tick and virtually no commissions.

READ
Bitcoin ends the week with a sharp drop and no good signs in the short term

Warnings

As we have always commented a lot, any caution and close monitoring is inevitable.

As always in today’s video analytics; Bitcoin (BTC/USD) and Ethereum (ETH/USD) matched our trading school indicators. Also in the morning and afternoon broadcasts that we do every day.

Source: news.google.com

Previous How Delivery Hero builds its treasury
Next How companies deal with new risk scenarios