There's still 0.028 to discover before ethereum can actually recover fully. Now with Bitcoin taking the stage again, i'm expecting this chart to go sideways. Though with enough momentum, a bulltrap can be set on 0.034 with a drop to 0.028 shortly after.
I'm leveraging the eth_usdt_swao_100x right now on a $1500 entry. Because I'm confident the dollar value of Eth will be carried up by Bitcoin, yet the security of Ethereum is still declining.
During dips like this, alts see their new value priced in, on eth pairs. When eth/btc recovers again these alts maintain their eth value (or increase even more). The result is an increase in fiat value on these alts down the road. This effect causes for annoying charts on alts, but there are golden opportunities popping up in times like this.
I'm leveraging the eth_usdt_swao_100x right now on a $1500 entry. Because I'm confident the dollar value of Eth will be carried up by Bitcoin, yet the security of Ethereum is still declining.
During dips like this, alts see their new value priced in, on eth pairs. When eth/btc recovers again these alts maintain their eth value (or increase even more). The result is an increase in fiat value on these alts down the road. This effect causes for annoying charts on alts, but there are golden opportunities popping up in times like this.
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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.