zippy1day
Long

Is this the Short Term Future?

KRAKEN:ETHXBT   ETHXBT
249 6 2
Now we seemed to have bottomed out with a solid rise today....lets take a peak at the possible future?
Obviously Bitcoin seems to having quite a big say in events so this may still have some ups and downs before rising to target 0.05.
DomarkasM
8 months ago
Just a wild guess... If miners decide to cash out bitcoin before halving comes, it is possible that they will invest in ETH. But who knows what will happen...
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zippy1day DomarkasM
8 months ago
I don't know about the miners but interesting view....I do think there is going to be an almighty tussle with these two coins and so the spread should close.
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DomarkasM zippy1day
8 months ago
For certainly.. Anyway, if the price goes above Lower buy line i will go long and hold ETH until BTC halving. Because of Supply and Demand (if you think logically) price of BTC should shoot up, and ETH respectively should go down (unless some serious fundamental reason comes up for ETH price to go up as well). P.S. I am not professional trader or economist or whatever, i just think logically
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zippy1day DomarkasM
8 months ago
Nor am I just trying to chart it logically so as always I could be wrong....always best to follow your own heart! Needless to say we have seen a cracking rise since speaking LOL. P.S. I was always told to try and ignore fundamentals when charting so it takes emotions out of play albeit very difficult with all the chat!
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DomarkasM zippy1day
8 months ago
I think technical analysis is good for day trading, it really helps, but the main driving force is fundamental (if you are thinking for the long run). it is true, it is not easy to leave emotions out of the game, thats why many traders suggest to play with the money you can afford to lose.I stay out of the chat, because it only confuses me :) Although i follow media, because it sets the mood for the masses, which reflects on the price more or less. And you know, individuals are smart, but masses of people are sheep... it is really hard not to be a sheep :D
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DomarkasM DomarkasM
8 months ago
It truly cracked while we are speaking, but i am not buying now... i learned it the hard way not to buy/sell when it gains momentum... if the train left, wait for the next one :)
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