Since our last Bitcoin and Ethereum commentary, both cryptocurrencies have continued to surge. Bitcoin stands at $2730 up from $1590 and Ethereum at $255 from $89.
What gives and what to do?
With both Bitcoin and Ethereum reaching (almost) our 2017 year end targets already and given all the hype coming into the market place by unsophisticated investors, time to cash in, sit on the sidelines and wait for at least a healthy 50% pullback in each.
Need confirmation? Check your Facebook and have a look at all the posts suggesting/recommending to buy, buy and buy…
Remember: Pigs Get Fed, Hogs Get Slaughtered!
Our Initial Bitcoin Commentary was at $860. +310%.
Our Initial Ethereum Commentary was at $8. +3200% (no typo)