BITCOIN
ETHEREUM
Hey all, just a look at BTC and ETH. Was going to show LTC too, but they're all the same.
Cryptos are pulling back still and in the third day of correcting. The move up was way stronger for ETH, but now we might see the pullback be just as strong.
BTC didn't see that much momentum on the upside, and volumes are still slowing down. Overall we're likely looking at a pullback to consolidation.
The dump on ETH was much steeper on the way down, so there might not be as much strength in the rally.
Technical indicators on all charts are actually showing longer pullback. Daily RSI's on all charts were overbought, so likely we will see this pullback play out a little bit.
Right now, there's not as much hype like there was in the bull rally last year, so it'll be tougher to gain longer term strong upward momentum. Cryptos still remain in longer term down trend unless we pull back above support and form a higher low and/or form a higher trend high ($875 and $950 for ETH and $11,500 for BTC).