While the Bitcoin ( BTC ) price action is disappointing, there is a silver lining. The drop in Bitcoin ( BTC ) is providing a dip in Ethereum (ETH).

We drew resistance near 194 - 197, and that resistance held. Our new focus in Ethereum (ETH) is now at tactical support near 180. Any price dips below 185 could be a chance to add to long term holdings.

We may have to be more patient than we thought in Ethereum (ETH). We don't want to be dogmatic, but we are sticking to our theme that Ethereum (ETH) can lead the next rally higher...assuming there is one.

Bottom Line: If there's a problem in the crypto, it's with Bitcoin ( BTC ). Bitcoin ( BTC ) can not breakout above key technical resistance. Right now, that is providing a chance to do tactical dip-buying in Ethereum (ETH). Keep positions manageable, and use stops appropriate for you.

DISCLOSURE: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice.  The Token Metrics team has invested and advised in many blockchain companies. A complete list of the team disclosures, advisory roles and current holdings can be viewed here: https://blog.tokenmetrics.com/disclosures/.