Hey guys,
Sorry for the lack of updates. Eth and the crypto market in general has just been in the doldrums and there just isn't anything to update you on really. If we zoom out to the weekly chart we can see that the weekly MACD has crossed, and RSI remains moving up, but we are just moving lethargically. Why? The ETH upgrade got delayed. If they upgrade actually goes through in late February, I expect that we will get some movement, but until then, we are going to be moving sideways. This also plays into the 2 year BTC massive bull run cycle which i find ironic that it seems to be working out so well in fitting into that cycle.
Bottom line, expect some more sideways movement before anything happens. We might get a push up if we get some good Bakkt news, but not much is going on right now. bummer.
Happy Hodling and trading,
-Sherem
Sorry for the lack of updates. Eth and the crypto market in general has just been in the doldrums and there just isn't anything to update you on really. If we zoom out to the weekly chart we can see that the weekly MACD has crossed, and RSI remains moving up, but we are just moving lethargically. Why? The ETH upgrade got delayed. If they upgrade actually goes through in late February, I expect that we will get some movement, but until then, we are going to be moving sideways. This also plays into the 2 year BTC massive bull run cycle which i find ironic that it seems to be working out so well in fitting into that cycle.
Bottom line, expect some more sideways movement before anything happens. We might get a push up if we get some good Bakkt news, but not much is going on right now. bummer.
Happy Hodling and trading,
-Sherem