TheCryptAlpha

The ETH Dilemma - Longer Time Frame Accumulation

Long
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
To me the technicals on ETH clearly show that there is some sort of error in the price discovery when we had the run up in 2017-2018. Bitcoin has been able to reach to $20,000 pull back then regain price action back to $13,000 essentially reclaiming the lost price. As for ETH we have been to near $1,500 pulled back to under $100 and now have trouble holding $200 as support. This is really bad for the ETH gang, the same goes for most alt coins. They rode the wave up with BTC but can't reclaim the dominance and the literal life of the coins are at steak. I am spending a small portion of my portfolio on the reaccumilation of ETH since I feel the prices between $100-200 should hold and $400 is a realistic target during the next impulsive move up.

ETH looks like complete dog shit on a smaller time frame, just like all the other alts. It is really up the BTC to dictate where the alts will go, as of now if we do have a pull back on BTC breaking the local lows of $9300 I can see ETH down to $120-130 levels. Not to say that these are not good buy zones, At the end of the day the patience pays and markets will transfer money from the impatient to the patient. What side of the market are you on?

Best of luck to ya'll

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