Bitcoin (BTC) and Ethereum (ETH)
Cryptocurrencies experienced weakness after political leaders, particularly US Preseident, Donald Trump, commented negatively on the coins.
BTC fell thru the ICE while ETH trading in MARK Down phase.
BTC is expected to see further weakness after falling thru the ICE (Key Support within Distribution Phase). First support at 7,500 level.
ETH already trading in Mark Down Phase is expected to see support at current 190-200 level. Thus, we may see the drop taking a breather with overhead resistance at 250 level.
Learn to analyse the chart and spot opportunities with Price Cycle and Supply Demand mindset at our next Richard Wyckoff Seminar.