THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook Aug 17
ETH/USD
Ethereum exploded to the upside during the affair on Wednesday, breaking aloft the $300 level. By accomplishing so, we accept austere a bit of a cerebral hurdle and it now looks as if pullbacks could action nice affairs opportunities. A breach aloft the $305 akin would be abnormally bullish, and should accelerate this bazaar alike higher.
ETH/BTC
Ethereum didn’t book so able-bodied adjoin Bitcoin though, as the 0.74 akin offered a cogent bulk of bearish pressure. It now looks as if the bazaar is apparently activity to abide to bullwork alongside all-embracing with a hardly advancement bias. Ultimately, I adopt to buy Ethereum adjoin the US dollar over the ETH/BTC pair.
Thank you for watching, I’ll see you afresh tomorrow.
