-- ETH/BTC -- Update September 22nd 2020
Updated
This is my probable analysis. You may disagree and suggest that we are in a bull market. anything above 3-6k in BTC is still considered bull market to some but I rather play safe than sorry. I will await monthly confirmation as I do believe ETH still has more downside to go along with BTC.
Remember if we get a second lockdown many will sell due to fear and then prices will shoot up high as we saw it back in March so wait for the sell off then buy!
From my experience trying to sell and buy on shorter time frames in this market can be very risky to most as the volatility and speculation is too high. we can see 12% drops in alts as nothing. if you aren't an experienced trader, try to invest instead. if you are an experienced trader, then swing trade this market seems to be more profitable.
Remember if we get a second lockdown many will sell due to fear and then prices will shoot up high as we saw it back in March so wait for the sell off then buy!
From my experience trying to sell and buy on shorter time frames in this market can be very risky to most as the volatility and speculation is too high. we can see 12% drops in alts as nothing. if you aren't an experienced trader, try to invest instead. if you are an experienced trader, then swing trade this market seems to be more profitable.
Note
I trust the stochrsi when it comes to bigger timeframes. when we have stochrsi bought on monthly then its no joke. I see us forming a lower high but finding its support at around the buy zone highlighted in blue and then a massive push up after support is bought.Note
This is the moment where I say: I told you so :p
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