ethereum analysis, ethbtc is daily overbought condition.
Alts are so strong now, but it just started.
Ethusd chart looks good, but ethbtc chart looks like we need to cool off.
Btc might go up and ethusd follow a little or not moving but ethbtc could go for consolidation mode.
but lets see what happen. btc.d is oversold, so it could bounce back by btc up or eth down.
It is not easy to just sell and wait for another entry. if you are a longterm or midterm trader, it is better to hold on to it.
if you are short term trade, now is the chance to take partial profit, but don't short. we might lag up once more.
Ethusd chart looks good, but ethbtc chart looks like we need to cool off.
Btc might go up and ethusd follow a little or not moving but ethbtc could go for consolidation mode.
but lets see what happen. btc.d is oversold, so it could bounce back by btc up or eth down.
It is not easy to just sell and wait for another entry. if you are a longterm or midterm trader, it is better to hold on to it.
if you are short term trade, now is the chance to take partial profit, but don't short. we might lag up once more.
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