For those of you who may not know: the price of Ethereum (ETHUSD) was pegged to the Bitcoin (BTCUSD) price movement for a long time.
But with ongoing developments in the Ethereum Community and a solid base for the future, we saw the price of Ethereum decoupeling.
Nonetheless, while the price movements might be bigger or smaller compared to each other, we see both markets trending simultaneously.
In other words: you won't see Ethereum making new highs while Bitcoin is correcting.
This is yesterday's trading idea for BTCUSD. We can see that the Bitcoin price is currently aiming for the previous low for a re-test,
which is a proper entry in anticipation for the next surge beyound our previous high/ all time high at ~42.000$.
We should see similar things playing out with Ethereum. We can also see that the price tends to move in clear patterns, that give us
great buying and selling opportunities for intraday trading. Furthermore i don't expect any irrational move in the current setup.
My personal buy is considered at the yellow zone, which aligns with the lower low on the RSI and MACD as well a S&R Flip.
Let me know what you think about this trading idea, especially if you hold Ethereum in your portfolio.
What's up with all the grafic-cards prices skyrocketing these days? ;-)
Let me know!
Cheers,
Ares
But with ongoing developments in the Ethereum Community and a solid base for the future, we saw the price of Ethereum decoupeling.
Nonetheless, while the price movements might be bigger or smaller compared to each other, we see both markets trending simultaneously.
In other words: you won't see Ethereum making new highs while Bitcoin is correcting.
This is yesterday's trading idea for BTCUSD. We can see that the Bitcoin price is currently aiming for the previous low for a re-test,
which is a proper entry in anticipation for the next surge beyound our previous high/ all time high at ~42.000$.
We should see similar things playing out with Ethereum. We can also see that the price tends to move in clear patterns, that give us
great buying and selling opportunities for intraday trading. Furthermore i don't expect any irrational move in the current setup.
My personal buy is considered at the yellow zone, which aligns with the lower low on the RSI and MACD as well a S&R Flip.
Let me know what you think about this trading idea, especially if you hold Ethereum in your portfolio.
What's up with all the grafic-cards prices skyrocketing these days? ;-)
Let me know!
Cheers,
Ares
Kommentar:
The price aimed vor a lower low but did not reach my entry zone. We've seen a big increase in price since. The reason for this is behind Elon Musk and Tesla buying Bitcoins worth $1.5 Billion which gives us a great sentiment as well as very big volume from retail & institution.
