AbTrader0

BTC and ETH share a similar pattern

GEMINI:BTCUSD   Bitcoin

Hello again, BTC is moving in the same pattern as the ETH chart I shared yesterday. The dotted orange lines show false moves as BTC continues to move in the downward green channel. It could bounce off the solid orange which with the top green could be interpreted as a wedge. A solid move above 7600 could be a break; however, with levels still below the 20 and 50 EMA those are always tough resistance to break through. Again similar to ETH i believe it will take some catalyst to reverse the entire crypto market
cheers

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.