Cryptocurrency Opinion and Analysis
Alt-Lines
2022.07.28 12:14
The aroma in the comments section of the prior post was seeming a bit fetid, so even at this late hour, I wanted to present a comment cleaner with an extra thought.
BTC Chart
ETH Chart
With the gargantuan asset rally on Wednesday, we are once again at a crossroads at which one of two things, I believe, will happen:
ONE, Ethereum will shove aside its $1706 resistance line, adding fuel to the entire crypto fire and thus coax Bitcoin to its own major resistance line way up at $28,000, or;
TWO, Ethereum will poop out crossing 1706, start slipping again, and cause Bitcoin to rapidly drop in value, dragging other assets down along with it.
Perhaps by the time the GDP is out, this will have resolved already, one way or the other.
