Bitcoin continues to show strength as it is continuing to test the recent $750 high as these words are being typed. Nothing has changed in terms of targets from what was written in this column yesterday. Namely, resistance lies in wait ~ $810, but that resistance will likely yield. Stiffer resistance will likely be seen at ~ $855.
Ethereum continues to disappoint expectations. As these words are being written, ethereum’s daily chart continues to be confounded by the 2nd arc of the 3rd pair.
Anyways, imho, Bitcoin is a far better long trade right now than ethereum is.
Remember: The author is a trader who is subject to all manner of error in judgement. Do your own research, and be prepared to take full responsibility for your own trades.
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Last modified: March 4, 2021 4:52 PM