Ethereum vs Bitcoin
Ethereum (ETH) has tried to break resistance multiple times today and yesterday. So far it wasn’t successful and is consolidating. A new buyers need to step in or some positive news have to come up to clearly break through resistance and build base for new support. I’m expecting ETH to pull down after resistance break and then to take off to new all time highs. This should happen in the next few days.
Bitcoin (BTC) is on the other hand sleeping giant who just changed his sleeping position. I’m expecting further consolidation and with little bit of patience the reward will be historical.
Don’t invest any money into crypto if you are not prepared to loose it!
Below is post from 01/02/2018
Bitcoin - (BTC) VS Ethereum - (ETH)
Ethereum took run up as I stated in my previous posts as it happened sooner than later. ETH reached recent record high and stoped at the same exact point, isn’t it coinsidence? You can see the technicals studies are realy working with most of the crypto currencies, one of the reason could be that it is not manipulated, at least for now. We are now waiting if ETH breaks all time high, which I expect soon, if it does, the resistance becomes new support and I would like to see it pull back a little, even below the new support, which would be very healthy for further new all time highs.
Bitcoin is acting very week and for now is consolidating. Let’s be patient and see where it goes from now.
Below is post from 01/01/2018
Ethereum (ETH) is in consolidation cycle and has formed nice bull flag on 3 month chart. I’m expecting ETH to break to the upside very soon unlike Bitcoin which is acting very week and further sell-off may fallow.
Ethereum Short and Longer Term Forecast