feeling like ethereum is all hype.
Peaked in value in MAY 2017 - THAT's 6 years ago.
If the masters saw value in it, it would have surpassed btc by now.
Declare ETH a security , and the real king bitcoin will thrive.
2019 feels. Similar time of the cycle, Similar movements.
Only question is how far can this rally go? Is the fed money printer go brrrr meme enough for the real bulls to show up and take btc over 30k? I am doubting it.
Ethereum has outperformed bitcoin in the bear market and has outperformed btc since 2020.
The price of eth-btc pair has gone sideways while bitcoin has seen a decline of over 70-75% in the last year or so.
So what is going on with ETH? On- chain statistics say a story that is quite remarkable.
A networks ability to survive does depend on its transactions ,...
Today we'll be looking at some of the things i am concerned about trading the current bitcoin price action.
I have written most of my thoughts in the charts.
Some other things you should keep in mind are -
Bitcoin dominance has acted very suspicious since the dump to 20k its not giving me confidence.
Ether dominance has gone up significantly and has...
Proof of stake coming, Plenty of projects based around ethereum, Massive usecase through out crypto.
If ethereum is the real deal then it has to start showing its value NOW.
Buy some eth for the long term, But not too much. Just get enough exposure so you won't regret it if it goes to 10k or something.
Really interesting chart right when eth is completely about to switch POS.
It's been in a year long consolidation and breaking out above the trend line? idk guys - buying this with a ~10% stop doesn't seem like a bad idea to me.
As always know how to manage your risk and when to get out.
the stock market has finally reversed some of its amazing gains from the previous years of free fed money.
The couple of lines i have drawn are crucial to watch because
1 st line. They were the highs which market breached before the rally
2 nd line those are the lows of the 2020 covid dump.
These are 2 areas where there was buying pressure. Technically...
above 43k long, till then hedge and wait.
Even if it goes above 43k don't assume a bull market, It can definitely go higher, But as long as btc stays below 60k area - I have to be skeptical of any pumps.