THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook May 03
ETH/USD
Ethereum continues to try to bullwork to the upside but absolutely bluntly we are bit exhausted. Pullbacks should action affairs opportunities and at this point I doubtable that it’s apparently time for that to happen. The $68 akin should be massively supportive, as able-bodied as the $72 akin aloft there. I accept no absorption in shorting, this is a bazaar that seems to be rather able-bodied supported, but currently it looks acceptable that the markets charge to body up added momentum.
ETH/BTC
Ethereum fell adjoin Bitcoin during the affair as well, testing the 0.05 level. There seems to be a cogent bulk of abutment bottomward to the 0.04 handle, so I’m cat-and-mouse to see a animation to go long. I don’t accept any absorption in shorting, we are far too low to accomplish any absolute money accomplishing that. I accept longer-term we will rally, but Bitcoin itself seems to be rather strong.
Thanks for watching and see you afresh tomorrow.
