ETHUSD feels like its found a short term bottom
I'm not sure what to make of ETH at the moment. It feels like it should tend upwards from here and at the very least, it should hold the $1300 mark. Unfortunately there isn't any hard direction signals at this point other than the DeMarker which suggests upward momentum.
I follow its trading signals but frankly i just buy and hold. The asset is far to volatile with far to much long term potential to take the risk of trading in and out for the sake of 5% - 10% here and there. At least that just my view. :)
All in all, March should be interesting...
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
I follow its trading signals but frankly i just buy and hold. The asset is far to volatile with far to much long term potential to take the risk of trading in and out for the sake of 5% - 10% here and there. At least that just my view. :)
All in all, March should be interesting...
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
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