Finally something interesting to talk about. Bitcoin has been stuck in a trading range. Up-down-up-down-up-down… in a very boring.  Predictably, it bounced hard off the bottom of the trading range lows. Also the stocks have rebounded a bit, so there isn’t the gravitational pull of a tech bubble unwinding. All things considered the mighty bitcoin held up ok. Not so with Ethereum. ETHBTC is falling off the plate  This is a classic sign of a bottoming phase. Dow Jones (yeah the guy they named the thing after) noticed this back in the day, that the transports/industrials/utilities would get out of whack at bottoms and tops. And that’s what’s happening here. This is what bottoms look like. Fingers crossed. We should know soon. |
