Wednesday July 13, 2016 8:00 AM
There’s been little to talk about regarding BTC and ETH this week. Price is trading in a very tight range on volume that suggests everyone is sitting with their stacks, waiting for the other guy to blink.
If you forced me to guess (which has nothing to do with trading), the current patterns look bullish for both BTC and ETH.
However, that would only be a guess.
ETH has its hardfork dates coming up in the next 7-10 days. Maybe that will shake things up a bit. Apparently, everyone has exactly the position they want currently, and, well, there you have it.
Meanwhile I sit here with my stack of 50% long ETH (flat BTC) waiting for the other guy to blink.
Photo credit Ramberto Cumagon
NOTE: NOTHING IN MY POSTS IS INTENDED TO BE TRADING ADVICE. Please do not base your trades on any information presented in the materials on this blog as it is for information and entertainment purposes only. You are 100% responsible for your own trading decisions.