Bitcoin & Ether Break Out On Volume
Bitcoin and Ether both broke out today with large volume coming in. I added to my positions in both of these key cryptocurrencies as their charts continue to show large accumulation. I believe Ether's move to proof of stake is very significant long-term and Bitcoin continues to be the largest cryptocurrency by market cap, meaning those who want exposure to cryptocurrencies will likely turn here. With that being said, it is the charts of Bitcoin and Ethereum that are the most important factor in my decisions to add to my positions. Both have been consolidating nicely this year before breaking out today.
Risk right. Sit tight.
Full Disclosure: I currently own Bitcoin and Ethereum.
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