Despite your bias for bitcoin or ethereum we can clearly see that current price trends favour bitcoin over ethereum on the weekly chart.
Price is currently at the bottom of the red shaded price range.
with short-term moving averages and the MACD suggesting a downwards bias.
If bitcoin pops we could expect a decline in Eth of 12% before finding support which is a significant move.
We are therefore bearish for ethereum compared to bitcoin at this time...
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Price is currently at the bottom of the red shaded price range.
with short-term moving averages and the MACD suggesting a downwards bias.
If bitcoin pops we could expect a decline in Eth of 12% before finding support which is a significant move.
We are therefore bearish for ethereum compared to bitcoin at this time...
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
