Ethereum Deep Dive & Bitcoin’s weak breakout!

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jsegui
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With Ethereum on the news so much lately, we need to look deeper into the technical analysis on ETH. We are in a well defined weekly channel. We almost slipped out the bottom, but created a bullish dragonfly doji to keep us in the channel. If we touch the top of the channel we’ll have a higher high to follow which might give us strength to breakout and change trend. I’ll be watching closely. The weeklong wait for the explosive bitcoin move to new high’s has been pretty lackluster. There wasn’t much explosion in the break which means too many investors anticipated the move and traded against it. This is showing emotional signs that our bitcoin run is weakening and we are getting closer to seeing a correction.

0:00 Intro
0:05 T-shirt Giveaway Rules
0:25 Bitcoin Update
3:52 Altcoin Market Update
6:02 Trader Life
6:12 Chart of the Day
12:57 Exit at a Profit

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