I used to think BTC was the only show in town. When I first started paying attention to, and trading Crypto it seemed like BTC was the big dog, that all the other little dogs followed. Etherium proved otherwise this past week. BTC is down 3.84% in the past week (at time of writing this), and ETH up 14.45%).
I guess it's time to start paying attention to the broader crypto market, because apparently if you don't you can miss some very nice profit potential.
Warning on ETH, again, short term RSI is screaming sell. But also it's been rejected off the 90 MA basically three times. If it breaks above that we might be looking at a serious bull run. But until then I would be very careful (especially if you got in where I did (214.17)) and sell the RSI highs, and Buy the RSI lows, until it proves it's truly breaking out to the upside from here.
eb8
⋅
P.S. This is not a FOMO post. I am still bullish on BTC long term (although I am not buying in or trading during this down trend), and in fact my short term RSI are screaming buy. And vice versa for ETH, my short term RSI is screaming sell.
I personally can't short crypto with my brokerage (robbinthehood), so I can generally only make money on it in an uptrend. Hence, until BTC reverses to an uptrend, I am looking at alternatives like this.