Could Ethereum bring back the Crypto Markets?
As usual I have no crystal ball.
Overnight and into this morning, I've been watching the order-book action on Coinbase. What was striking was the amount of volume being exchanged on Ethereum compared to BTC.
In essence BTC volume appeared to be quieter than Ethereum. I'm talking about he 'buckets' of trades - not the actual amounts of money. See my 44 second clip of this morning (linked not sure it will show).
It sort of makes sense cuz Ethereum is far cheaper than BTC if you wanna get throw your money in now. Price is near the bottom and that's attractive for your neighbour next door.
One thing has been proven in all markets is that when all hope is gone, that's often a time when it's best to buy (go long) - at your own risk of course.
I'm long on BTC and ETHUSD with acceptable stop-losses on the 1h time frame. This is not an invitation for others to follow.
Disclaimers:
The representations herein are indicative, not predictive and do not imply any past, present or future performance of the individual making the representation. Under no circumstances does any graphical or other representation imply, encourage or recommend the buying or selling of securities, or the making of any kind of investment or trade. No guarantee of accuracy is provided for reported facts. No insight into practical aspects of trading or investment is provided. There are no cloaked, or implied meanings or expectations to be received. Gambling in financial markets is strongly discouraged.
Trading or investing in securities, crytpocurrencies or tokens of any kind carries serious and/or catastrophic financial risks. Those who lack the knowledge, skill and experience in those markets should avoid taking those risks.
You are responsible for your own due diligence. Should you take financial risk by acting on this representation or any interpretation of it, you do so entirely at your own risk.
This declaration is consistent with UK and European law on representations, implied contracts and the common law in relation to negligence.
Overnight and into this morning, I've been watching the order-book action on Coinbase. What was striking was the amount of volume being exchanged on Ethereum compared to BTC.
In essence BTC volume appeared to be quieter than Ethereum. I'm talking about he 'buckets' of trades - not the actual amounts of money. See my 44 second clip of this morning (linked not sure it will show).
It sort of makes sense cuz Ethereum is far cheaper than BTC if you wanna get throw your money in now. Price is near the bottom and that's attractive for your neighbour next door.
One thing has been proven in all markets is that when all hope is gone, that's often a time when it's best to buy (go long) - at your own risk of course.
I'm long on BTC and ETHUSD with acceptable stop-losses on the 1h time frame. This is not an invitation for others to follow.
Disclaimers:
The representations herein are indicative, not predictive and do not imply any past, present or future performance of the individual making the representation. Under no circumstances does any graphical or other representation imply, encourage or recommend the buying or selling of securities, or the making of any kind of investment or trade. No guarantee of accuracy is provided for reported facts. No insight into practical aspects of trading or investment is provided. There are no cloaked, or implied meanings or expectations to be received. Gambling in financial markets is strongly discouraged.
Trading or investing in securities, crytpocurrencies or tokens of any kind carries serious and/or catastrophic financial risks. Those who lack the knowledge, skill and experience in those markets should avoid taking those risks.
You are responsible for your own due diligence. Should you take financial risk by acting on this representation or any interpretation of it, you do so entirely at your own risk.
This declaration is consistent with UK and European law on representations, implied contracts and the common law in relation to negligence.
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