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Cryptocurrency market review: Bitcoin, Ethereum #6 June 13, 2019





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ETHUSD no change in view here. Still range between 200/220 and 280/300. Again, that’s 100 USD range so in case of breakup/breakdown watch for 100 USD move towards 100 USD or 400 USD.

BTCUSD bull is trying to get back above psychological 8000 again but in my opinion, we need to see a weekly close above 8200/8500 for a possible rally towards 9300/1000. Bears may try to trade based on something similar to H&S formation but would be very very careful here.

Watch out for BTC further price action especially from October… you may wonder why? Well, let’s start with LTC first: 53 days left for halving… At the beginning of 2019 we started to see higher prices…. so 6to 8 months before halving. When is BTC halving? May 2020 🙂

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