FerroIgnique
Long

ETH is the God Market now.

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
ETHUSD has been grinding against the 400 SMA for weeks, the 50 SMA providing support. I am of the opinion we only have so long before this resolves and it’s going to huge no matter what and it will coincide with the other coins. LTC and BTC ran like crazy when they mounted the MAs; EOS and XRP have had less success.

Methinks the 2d most important blockchain is the cause. Given the Monthly indicators are very bullish and have room to run I think this will break up.
As you can see from the extensions I’ve added to the MAs we have a short period of time, 2 weeks. I’m presently long LTC and I’ll convert to cash when my target is hit. ETHUSD will be the next trade, either above or below the 400 or 50. Not advice, a blog.



I wouldn't say it is the God Market, but I would say that BTCUSD and ETHUSD are highly correlated and the charting on ETHUSD is easier because it has a higher beta so the divergences are clearer. Not so much for moving average traders.
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