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RE: BTC - We are trying to go back in the trading range canal

in #bitcoin7 years ago

Ethereum has been holding relatively strong against Bitcoin, trading in a range. I still believe that there is longer-term downward pressure, but it appears that in the short term we may go looking towards the 0.04 level, followed by the 0.045 handle. Because of this, short-term buyers might be attracted but I believe it will only set up a shorting opportunity.