ETH-A mimic of BTC
Good morning traders!
I thought I would also do quick update on ETH. During times of heightened volatility ALTs take the brunt of the battering.
For traders to exit a lot of alts the only quick exit is ALT>BTC>USDT. This has the tendency to lift the BTC price a bit.
I would also like to draw attention to some comments I have seen recently. Some suggested I was wrong to even think of ETH price under 3k, yet 3 weeks later we have hit 2900 with a very real chance we could drop down towards 2k.
Being in the markets is about remaining neutral and fluid-anything can happen and when you attach emotional bias to the market you will find trading hard.
As always trade safe.
EnvisionEJ
I thought I would also do quick update on ETH. During times of heightened volatility ALTs take the brunt of the battering.
For traders to exit a lot of alts the only quick exit is ALT>BTC>USDT. This has the tendency to lift the BTC price a bit.
I would also like to draw attention to some comments I have seen recently. Some suggested I was wrong to even think of ETH price under 3k, yet 3 weeks later we have hit 2900 with a very real chance we could drop down towards 2k.
Being in the markets is about remaining neutral and fluid-anything can happen and when you attach emotional bias to the market you will find trading hard.
As always trade safe.
EnvisionEJ
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.