Watch chart here
Looking at a daily chart we are at the 200 ema again I consider this a bottom, and worth putting some leverage on a long. We have to watch BTCUSD closely as it looks like we are locking in on 5000USD. Hoping too see ETH come close to 500 USD in the coming weeks and close the gap versus bitcoin back to around 0.1.
If we don't get a strong bounce here we could be heading lower sub 0.060.
What we are seeing now is an influx of capital into BTC that has failed to siphon back into alts. Alt's will not recover until bitcoin stabilizes and profit takers buy back into alts.
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