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April 26, 2018, 04:30:13 PM |
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Why would consider that the a break bellow $8,459 will signal a bear market? If I look to the daily charts, I would say that a break $7.8k could send that signal, but everything above that, is still a higher low, so it could still mean that we are just consolidating from these last weeks gains, and could keep the uptrend. Ideally we would not go bellow $8500, but if we do nothing is lost.
I do agree with you on ethereum. It's showing some strength after the beating it took on these last weeks. Of course that everything is still tied to bitcoin, so it will all come to waste if BTC doesn't manage to keep going up, but if it does, I think ether will outperform BTC for now.
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