ETH-A mimic of BTC
Good morning traders!
I thought I would also do quick update on ETH. During times of heightened volatility ALTs take the brunt of the battering.
For traders to exit a lot of alts the only quick exit is ALT>BTC>USDT. This has the tendency to lift the BTC price a bit.
I would also like to draw attention to some comments I have seen recently. Some suggested I was wrong to even think of ETH price under 3k, yet 3 weeks later we have hit 2900 with a very real chance we could drop down towards 2k.
Being in the markets is about remaining neutral and fluid-anything can happen and when you attach emotional bias to the market you will find trading hard.
As always trade safe.
EnvisionEJ
I thought I would also do quick update on ETH. During times of heightened volatility ALTs take the brunt of the battering.
For traders to exit a lot of alts the only quick exit is ALT>BTC>USDT. This has the tendency to lift the BTC price a bit.
I would also like to draw attention to some comments I have seen recently. Some suggested I was wrong to even think of ETH price under 3k, yet 3 weeks later we have hit 2900 with a very real chance we could drop down towards 2k.
Being in the markets is about remaining neutral and fluid-anything can happen and when you attach emotional bias to the market you will find trading hard.
As always trade safe.
EnvisionEJ
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