I was quite busy for last few days mainly in writing a code for my trading bot. I've noticed a quite significant move on LTCBTC and capitalized on it.
Now I'm intrigued by the recent action on ETHBTC:
I have two scenarios here:
- It will repeat recent pattern and will have next leg higher (assuming the same move it will break my resistance line and travel north
- It will consolidate ad drop slightly
What are your predictions?
Long term I think the ETH will gain against BTC, so the first scenario will be more reasonable, but who knows...