Dec 11, · Economist Raoul Pal says Ethereum’s (ETH) probable adoption as programmable money may see it becoming the largest cryptocurrency by market capitalization, overtaking Bitcoin (BTC) within the next ten years. Dec 08, · Bitcoin could slump to $18, in the coming sessions if the price loses the ground above $19, Ethereum is likely to drop to $ if the short-term SMA support fails to . Australia's premier secure cryptocurrency & Bitcoin exchange. Buy, sell and trade Bitcoin (BTC), Ethereum (ETH), XRP and more with AUD today.
Ethereum btc marketsBitcoin (BTC) Reclaims $24, While Ethereum (ETH) Soars Above $ In Marketwide Recovery
For this technical pattern to hold, a breakout must take place before the trendlines converge. Declines below the ascending trendline will be accentuated by an increase in sell orders as investors would rush to cash out for profits before they are erased. The bearish outlook will be thrown out the window if Ripple manages to hold the SMA in conjunction with the ascending trendline. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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The cryptocurrency market slipped into a red zone, with all major altcoins nursing significant losses. Stablecoins may pose risks to "international monetary stability". In the recent statement, the Treasury-based working group that makes federal regulators recommends taking actions to ensure that stablecoins do not undermine the confidence in national fiat currencies.
Hey Guys! However, taking a look at the BTC chart, we can see that there is a lot of potential in terms of Ethereum price movement, this could all changes with a strong Bitcoin upwards rip, but as things currently stand; we are looking at a strong bullish sign for Chart looks good. ETH looks ready. Here's coinbase weekly chart.. I have an idea - the last move up was a wave A, now we are in the wave B.
Let's see if this gets bullish again, target 0. Soon it can start! HS Expandingtrinagle and Bactest on wedge. Bullish divergence is one of my favourite indicators with great hit rate. As you can see on the chart, there is a forming and likely confirmed bullish divergence on 4H timeframe. It's also important to note that the current candle circled in black is a hammer so it enforces the hypothesis of an up coming reversal.
You can take a shot at candle close or wait a Every day the big picture become more clear! Want to see the price close back above red line, thats the trigger for my long entry.