Why I believe you should sell your Bitcoin to buy Ethereum, soon?!
Crypto market experienced a boring year in 2018 so far. all the groups, including McAfeeists who were waiting for $100k bitcoin, Sorosist, who were waiting for cryptos to disappear and reasonable hodlers and traders are disappointed with the channels cryptos seem to be stock in!
but recently something new happend!
BTC soared up and ETH missed the rally
which is visible in this year window for the pair:
what does this chart say?
I address more charts to discuss it. Simply it says ETH/BTC is in its lowest lows for the past 6-7 months. and how deep this can go further?
the daily index
all the 20 indicators I have, shows the strong sell! so i don't expect the trend to change in less than a week.
the weekly chart
still strong sell but less than the daily chart. so as you move in to higher time periods like 200 days or weeks Moving Average, your trend will slightly get upward.
Where is the lowest low?
this big picture says the price will have a strong support around 0.054
but bigger pictures can assume 0.038-0.040 are also reachable.
and how high do I aim?
I look for 0.8 atleast, in a matter of couple of months.
why Ethereum should ever get strong against Bitcoin?
Fundamentals my friends... Ethereum is great with fundamentals and if you are willing to be a hodler, you should be concerned about the fundamentals.
there are too many dApps on ETH blockchain, while BTC is just like a commodity to hold and speculate on.
Last word
If you don't know what the whole crypto market is about, if you don't have enough in depth knowledge of blockchain and cryptocurrency ecosystem, I suggest you neither to invest nor to risk your hard earned money on it. also your valuable time will do better for you in other fields you probably have better experience in.
And if you consider yourself knowledgeable in crypto, you definitely know this is not a financial advice or trade signal. I write these to share my thoughts and learn more from my friends on social media.
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