29 Oct '16, 5pm

Bitcoin and Ethereum: Two Coins With One Contrasting Week

A s we look back on the week Bitcoin was clearly a win. Up from ~ $630 to $710 since this time last week. Ethereum on the other hand, was a loser, down from ~ $13 to ~ $10.75. Happily, our readers were on the right side of these trades for the last week. Having a good week is cause for celebration, but there is always next week to consider. Is it time to take profits on our positions? Let’s start by looking at bitcoin’s daily chart. As you can see the latest advance began after pricetime cleared the 3rd arc [pair. It went almost straight up until it hit the 1×2 Gann angle, where it has now stalled. If price can get past the 1×2, as I suspect, it will likely find the next serious resistance at the top of the square, which is ~ $900. But, cautious traders will note that price is at resistance and we are almost at the end of the 3rd square in time, which could herald a revers...

Full article: https://www.cryptocoinsnews.com/bitcoin-and-ethereum-had-...

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