Chart-Friendly Cryptos

Although I don’t trade them, I persistently find the cryptocurrencies to have fascinating charts. Every line seems to have meaning and import. Notice how Ethereum scraped along its supporting trendline, vaulted higher, and then weakened at the horizontal.

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Ethereum

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Very similar setup in Bitcoin

I think the entire crypto space is going to keep dragging down as Bitcoin goes into the two-thousands and even lower... but at least it’s mildly interesting to watch the grind.

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