JJMa

ETHBTC showing signs of a Base

Short
BINANCE:ETHBTC   Ethereum / Bitcoin
We might get a base developing - a floor or what appears to be a "floor" on price. Often this can serve as a means for a meaningful bounce, I may start converting a little soon, but I prefer to wait for a capitulation move to make a bit of conversion back into ETH worth the time and such. Disclaimer, I still maintain a strong position on ETH and have a positive view of it as a cryptocurrency going forward. Now, "normies" are talking about accumulating a whole ETH the way some of us were discussing accumulating a whole Bitcoin back in the day, which can only be good for the whole space. In the meantime, I am running an AMM (several in fact, just started a BTC /WBTC in the last couple of days) so that I make money on the chop either way. Might just wait for the capitulation move and buy back a whole ETH from some of the extra BTC I have stacked as a result of this trade. Again, small monies and keeping a core position on both regardless and enjoying ALT out-performance of both BTC and ETH to a certain extent.

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