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Analysis: Ethereum and Bitcoin Stole the Show

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Analysis: Ethereum and Bitcoin Stole the Show

Introduction

This article was posted on Friday, 07:53, UTC.

It was a busy day yesterday.  Bitcoin and Ethereum stole the show for the most part; they sucked money out of the other coins as traders tried to chase the trades.  For the most part, I can say that both those two coins went higher, and longer, than I would have guessed.  But speaking for myself, I would not buy either coin here.  They are both hyper-extended and grossly overdue for a correction, IMHO. Bitcoin Bitcoin fell dramatically at the top of the setup above.  But that fall is not enough to correct the rise that preceded it.  It would…

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Jim Fredrickson

Jim Fredrickson

Jim has an MBA from the University of Southern California. He has had a long career in both Corporate Finance and IT. Along the way he discovered that trading was a vehicle with great promise, but struggled for a long time without a mentor. After having been knocked down many times and having struggled to get back up, he had an epiphany and realized that geometry was a solution. He shares his experience here. If you do well as a result of suggestions made here, feel free to say thank you :) BTC: 1FUq3GB1Q8zz2JpuBr7YHzVBKnaWoxgmya Follow him on Twitter (@jimfred1276) or email him at jimfred1276 at gmail.

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