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RE: eToro Crypto Prices for 19 February 2018

in #cryptocurrency6 years ago

Eth looks to be falling behind btc in the run though. Plus the next week ahead is potentially gonna be a tough week for btc bulls, way too many resistance levels coinciding at the 11-12k range

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Well if you look at ETH it was the only one that didn't fall as hard at the end of January, it actually had a bit of a run before falling, but they all take it in turns, ETH probably will have one more soon enough.

But at least BTC broke the 10k, and seems to be holding so far. But yes its going to be a struggle to push further.

Looking at the charts, it feels like eth's run up coincided quite well with btc's weakening. I reckon smart money kicked into eth from btc when they saw 17-20k btc as unsustainable. Whether or not that would happen this time around again remains to be seen, but i'm definitely more bullish on btc. I think overall public sentiment around it has improved tremendously and the cleansing of weak hands in the previous correction shld help it perform overall better. Plus there's lightning which has been steadily growing

My overall prediction though is that btc will see another large correction of around 40% (when this happens is still unclear) before having one huge wave to take it to test new highs

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