Bitcoin and Blockchain Assets are Bullish
Price action bounced off support at the rising 21d exponential moving average. Momentum is bullish, so we’ll look for a tailwind in many of the assets noted herein.
Coinbase and Marathon Digital look ready for a move higher too. We will buy the dips if Bitcoin continues showing relative strength and volume. We have positions in COIN (shares) and MARA (calls).
COIN
MARA
Ethereum is currently right behind Bitcoin, with a market capitalization of $434 billion, according to data trackiing service CoinMarketCap. It experienced a 15% surge within the past seven days.
Grayscale’s Ethereum Trust (ETHE) is following the assset as it moves through $3,700. Momentum is bullish; lower panel. Click to enlarge.
Futures are looking bullish going into the opening bell. Jobsless claims fell slightly.
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Happy Trading,
Vinny
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