This is why King Kong had to take a breather - market participants ....although late to realize it had to follow what the USD commanded.
In the first days of BTC challenging the ATH not everybody was shy to buy there - a few were aware of the inflationary scope in the USD and were looking for a working hedge, a connection had to be found of an asset that could...
What we are wittnessing after this nearly parabolic ascend is nothing less than a normal ongoing correction of about 30% of the ATH - which could fairly well extend into the a corrective range of up to 50%...Where Marketplayers ajust positions and try to figure out the next trend, many who were sidelined will consider these levels ...or at least...
As new Covid strains emerge Patricipants realize that they may be resistant to the developed vaccines. So that it would take much longer to reach herd imunity and normal life. Adding additional pressure on the Euro were comments by politicians that the relief Package could be delayed until march and Scope to a lesser extend than expected. US10Y Yield retraced and...
ETH had an even better run than King Kong, but now are all eyes on him - if he manages to tilt the market to the upside eth will follow suit. even in the event that king kong takes a breather, ETH should profit from fast mones shifts and could outperform BTC in a downspiral. The preferred investment at the moment ist ETH with the espectation once the ATH at 1475...