Ok everyone ,.long time Trading View chart stalker and first time chartist, so plz be kind.......
Bored at work, I decided to point out my observations in the market right now...my guess is an immediate pull back to the fast moving averages before a push towards new ATH (again). Ethereum the former number 1 challenger to bitcoins crown has been in consolidation period since its previous all time dollar high... since that time we have pretty much been up and down around the 300 area. Ethereum has a huge hype machine rolling out with lots of coverage on mainstream tv. I see Ethereum out pacing Bitcoin from now till the release of lightning network.
The accumulation period on the chart immediately grabbed my attention as the spike happened soon after, there is currently bearish divergence on the volume indicator.
good luck trading everyone
Bored at work, I decided to point out my observations in the market right now...my guess is an immediate pull back to the fast moving averages before a push towards new ATH (again). Ethereum the former number 1 challenger to bitcoins crown has been in consolidation period since its previous all time dollar high... since that time we have pretty much been up and down around the 300 area. Ethereum has a huge hype machine rolling out with lots of coverage on mainstream tv. I see Ethereum out pacing Bitcoin from now till the release of lightning network.
The accumulation period on the chart immediately grabbed my attention as the spike happened soon after, there is currently bearish divergence on the volume indicator.
good luck trading everyone