We are now at the end of 2022; it's time to look back at what we have been through and prepare for the upcoming journey.
This is the 12M chart of Bitcoin and Ethereum. We can see that Bear dominates the market throughout the year.
In the case of Bitcoin, it is forming the Bearish Engulfing Pattern. Meanwhile, Ether showed more positive signs, the price touched the previous bottom and bounced back. So it is rational to think that ETH might be worth investing in than BTC.
But I have a different thought. As per our previous prediction, in 2023, the crypto market will have a rally. In the case of BTC, we can calculate the potential entry at ~13k and the potential target at ~28k. But with ETH, you can not set a perfect TP, and what I hate the most the predict the price, which is also impossible (no one knows the future). So, I will go with BTC. The BTC Dominance chart also supports my idea because it sits at the bottom and will likely crawl back to at least 50%.
This is not mean that I am anti-ETH, I mean that my portfolio of 2023 will be mostly BTC, a small portion of ETH, BNB, top Altcoins, and 1/3 of USDT.
The Short-term plan is to buy some coins in the new year (for luck).
The Longer Gameplan is to wait for a better entry, ~13k with BTC and ~800 with ETH.
Thank you for your time, stay safe, and Happy New Year.
This is the 12M chart of Bitcoin and Ethereum. We can see that Bear dominates the market throughout the year.
In the case of Bitcoin, it is forming the Bearish Engulfing Pattern. Meanwhile, Ether showed more positive signs, the price touched the previous bottom and bounced back. So it is rational to think that ETH might be worth investing in than BTC.
But I have a different thought. As per our previous prediction, in 2023, the crypto market will have a rally. In the case of BTC, we can calculate the potential entry at ~13k and the potential target at ~28k. But with ETH, you can not set a perfect TP, and what I hate the most the predict the price, which is also impossible (no one knows the future). So, I will go with BTC. The BTC Dominance chart also supports my idea because it sits at the bottom and will likely crawl back to at least 50%.
This is not mean that I am anti-ETH, I mean that my portfolio of 2023 will be mostly BTC, a small portion of ETH, BNB, top Altcoins, and 1/3 of USDT.
The Short-term plan is to buy some coins in the new year (for luck).
The Longer Gameplan is to wait for a better entry, ~13k with BTC and ~800 with ETH.
Thank you for your time, stay safe, and Happy New Year.
Follow us here on TradingView for daily updates and trade ideas on the cryptocurrency market.
Thank you for your support!
Visit our website for more educational content.
Join our Telegram Trading Channel:
t.me/CLtradinghub
Thank you for your support!
Visit our website for more educational content.
Join our Telegram Trading Channel:
t.me/CLtradinghub
