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RE: BTC and ETH rebound, but still in downtrend

in #cryptocurrency7 years ago

I think we have bottomed out and agree with your caution through the zones youve mentioned (for the week) but I think, especially since it seems BTC will successfully clear the SegWit hurdle and that the ICO hangover has cleared for ETH, both will be long term way up.

call for EoY

BTC - 4K

ETH - 500

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Thanks for your comment, i agree on your long term scenario. But i think we will make another leg down first before we're moving up further.

Based on.......

The fact that both pairs still trade in their respective downtrends and that i first want to see the resistance levels taken out before I believe we have a more sustainable recovery.