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Ethereum: The Charts Speak for Themselves

From dailypriceaction.com

On May 5th, I wrote about Bitcoin (BTCUSD). It was my first public post about a cryptocurrency even though I began explaining my outlook for Bitcoin to DPA members in early April. My bullish case for cryptos such as Bitcoin and Ethereum (ETHUSD) is simple. With central banks printing like mad, stocks unjustifiably expensive (and unstable), and US treasury yields collapsing, where do investors go for a return on their capital? The traditional answer has been precious metals like gold and silver. And while I’m bullish on both of those metals over the next five to ten years, I think digital assets like Bitcoin and ... (full story)

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  • Category: Technical Analysis