Ehtereum trend during Hardfork
Hello everyone,
I'm really new to trading and I'm trying to work out some of my ideas in hopes to get a better and more solid understanding of the trends in crypto currency and trading in general. The trend of ETH has been really bearish the last month. I expect this is due to people trading their ETH for BTC to maximize their gain in the new Segwit2x coin. Almost all alts are suffering due to this behaviour. I expect, like many of u seem to do, that many alts, including ETH will rise again hard after the Hardfork. This would be due to people re-investing in ETH with their BTC.
I think the general support for ETH is quite big. People seem to believe the platform will have a real application in the future. Therefore, I expect people to go big and really long in ETH.
So this is what I think. PLEASE LET ME KNOW IF YOU DISAGREE AND WHY.
main point is that I'm trying to learn, so any feedback would be very helpful.
Thanks.
I'm really new to trading and I'm trying to work out some of my ideas in hopes to get a better and more solid understanding of the trends in crypto currency and trading in general. The trend of ETH has been really bearish the last month. I expect this is due to people trading their ETH for BTC to maximize their gain in the new Segwit2x coin. Almost all alts are suffering due to this behaviour. I expect, like many of u seem to do, that many alts, including ETH will rise again hard after the Hardfork. This would be due to people re-investing in ETH with their BTC.
I think the general support for ETH is quite big. People seem to believe the platform will have a real application in the future. Therefore, I expect people to go big and really long in ETH.
So this is what I think. PLEASE LET ME KNOW IF YOU DISAGREE AND WHY.
main point is that I'm trying to learn, so any feedback would be very helpful.
Thanks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.