ETH - on the winning track?
If we were into crypto and wanted to make a quick buck, we would probably buy Etherium now for around $2600 and hold it.
The reason: the Bitcoin/Etherium ratio is at a low point, i.e. if you still believe in crypto market gains at all, now would probably be the right time to stock up on Etherium. To sell it again in time, of course. We think at $3900 or so.
We're talking 50% gain until X-Mas!
As always, this is not a trading recommendation, just an idea to share. Use your own head and make your own decisions.
The reason: the Bitcoin/Etherium ratio is at a low point, i.e. if you still believe in crypto market gains at all, now would probably be the right time to stock up on Etherium. To sell it again in time, of course. We think at $3900 or so.
We're talking 50% gain until X-Mas!
As always, this is not a trading recommendation, just an idea to share. Use your own head and make your own decisions.
Note
Update 10/5/2024: Now that it's at $2400, I think it might be worth buying it now to hold. Of course you never know 100% in advance, but I think from a risk/reward point of view it's a good opportunity. Personally, I'm doing it now. You have to decide for yourself, of course.Note
This is to illustrate my personal decision-making process - but not yours - you've got to make your own decisions!
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.