BTC/USD TA
Finally, we have a clear break through 1D 34 and 89WMA resistance zone and are poised for new highs. Targets on the chart are based on the xBTCe pricing. More liquid exchanges will be $100-150 higher.
https://www.mql5.com/en/charts/7373489/btcusd-d1-distel-enterprises-co
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STOPCongratulations...followed you on Crypto. You deserve the best. My new name is Rjh alias richard1948.
Followed you over from CC @srezz as I appreciate the consistent common sense info you provide.
this platform with help you make some coins. 👍🏻
@srezz Finally got my steemit account approved my friend! Thanks again and pls keep them coming.
P.S Still reading Murphy slowly but steadily! :)
Following you from CC. Always liked your TA there.. Keep up the good work.
Thx for the post. I hope this new platform suits you better, with less trolling.
srezz, thoughts on why this huge BTC jump had little to no affect on ETH price? joined steemit just to follow ! thanks
I think it's a relief rally in BTC whereas the rest of CC market has nothing to cheer about.
Love your dispassionate approach, srezz. Like the others who've commented here, I hope this is a better forum for your analysis than CC had been. I've never posted or commented at CC, but enjoyed reading your posts.
I agree with your impression of this rally, but it also seems clear to me that ETH tends to lag behind BTC in breakaways in general. I see two main reasons this may be the case. The first is that shorters with profit in ETH cash out during a BTC breakaway and try riding the wave. The second is that BTC just plain sucks up available capital during big runs. Once the momentum slows, capital starts flowing downstream and ETH picks up the slack...usually overshooting BTC's gains in the process. The trading between BTC and ETH seems to prove this out, and I'm personally hoping that trend continues.