Analysis of BTC and ETH prices 29/07/2018 - 10h UTC + 7
Hi everybody,
Wish you a full day of energy and efficient trading!
BTC
Continue to keep the strategy up against BTC, if the price adjusted down but not touch the previous peak is the opportunity for us to continue to order.
ETH
While the medium-term bitcoin is calling for the wind with a strong uptrend, Ethereum medium term falls into the weak market. Last week did not see any breakthroughs of the Ether - the Queen of Altcoin. As can be seen, in addition to a turn up, the Ether is mostly flat with small candles.
Trend structure of the Ether has not changed, is still the structure with lower and lower trough. The rebound can only be regarded as a correction - in a downtrend. The reduced structure of the Ether only breaks down when the medium-term Ether passes above 550. Under 550, the Ether is still down.
The current diagram of the Ether is a rising wedge. A smaller price action model, the Inside Bar, has also emerged, suggesting that the medium-term Ether is entering its accumulation phase.
In summary, Ethereum is still in a downward trend, so the strategy is still sold out. The selling area (1) is around 500-515. The selling area (2) is around 530-550.
It is perfectly possible to see whether the cash flow is flowing into the bitcoin, it still does not reach the altcoin. The crypto market, especially the altcoins, may soon be out of sight.
Disclaimer :This is not investment advice, the coin price could go to zero in the next second for all I know.
In my opinion, in the long term, BTC will go up. So EHT and the others altcoins will follow BTC in this rally.
Nobody Knows exactly when will start, but I hope this rally is coming soon.
In the game of Altcoins you Hodl or you loose....lol
RALLY is coming.
I agree about BTC will go up, but I want to follow BTC price to know how hard to go up every day.
Maybe we will see some corrections like in the past. News and market manipulation work hard, but the thecnology worth more.
There is another protects that will grow up in the next rally like NEO, ETH, Vechain, which are undervalued.
Congratulations @phungminhtuan! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP