Dear guys n gals,
Don't bother to invest in Ethereum (or other altcoins) when the ETH vs BTC pair is looking bearish like it currently does. Although the ETHUSD pair might go up, this is just correlated with the price action of Bitcoin. Like previous week when BTC starts selling off, the volatility of the sell-off noticeable in ETHUSD is even heavier due to the fact that the ETHBTC was also taking a dump. The ETHUSD pair is simply not a worthy instrument to look at as it gives false information about the true state of ETH.
In these current market conditions, the only coin worth trading and focussing on is Bitcoin, and this will remain for another couple of months to years. Sure, there are a few altcoins out there that are outperforming BTC, but catching these pumps is just as likely as hitting the number on a roulette wheel, possibly even thinner.
If you wanna be around when the next bear cycle is about to happen, make sure you better approach this game mindfully and take note that it is rather a marathon than a sprint, and that the track is Bitcoin and no other bullshit token. Alts will become interesting when BTC is cooling off and demonstrates a dominance of less than 50%.
In the charts are the levels I expect ETHBTC to bounce
Don't bother to invest in Ethereum (or other altcoins) when the ETH vs BTC pair is looking bearish like it currently does. Although the ETHUSD pair might go up, this is just correlated with the price action of Bitcoin. Like previous week when BTC starts selling off, the volatility of the sell-off noticeable in ETHUSD is even heavier due to the fact that the ETHBTC was also taking a dump. The ETHUSD pair is simply not a worthy instrument to look at as it gives false information about the true state of ETH.
In these current market conditions, the only coin worth trading and focussing on is Bitcoin, and this will remain for another couple of months to years. Sure, there are a few altcoins out there that are outperforming BTC, but catching these pumps is just as likely as hitting the number on a roulette wheel, possibly even thinner.
If you wanna be around when the next bear cycle is about to happen, make sure you better approach this game mindfully and take note that it is rather a marathon than a sprint, and that the track is Bitcoin and no other bullshit token. Alts will become interesting when BTC is cooling off and demonstrates a dominance of less than 50%.
In the charts are the levels I expect ETHBTC to bounce