What do you think will happen when big money flows out of Bitcoin , Ripple, and Ethereum?
Where is this money going?
The smaller altcoins of course... We are talking about thousands and thousands of altcoins.
Back to Ethereum ...
We can see prices moving below EMA10 and the exact same signals we saw on the Bitcoin ( BTCUSD ) chart.
We have the indicators, and , trending lower as well as divergence with both.
We also have a cross on the and the bear being clearly stronger than bull since the beginning of the month.
This is no big deal...
This is not a problem...
Prices go down, just as they go up.
You always get a retrace after a strong move.
Conditions for change
We would need to see Ethereum ( ETHUSD ) move above the last high and staying there for the bias that is developing now to be canceled out.
For now, we are aiming for lower prices.
Thanks a lot for reading.
The market is behaving differently.
Thanks a lot for sharing.
Many coins go through their own cycles.
It is not as black and white as you put it.