ETH - ABOUT TO SPIKE?
Hello, I am watching alts now. Eth, after a nice rally, touched the upper part of a long term channel for the third time. I do not expect to breakit immediately, but what I expect does not matter.
It is doomed to go up a lot. But the question we always have to make to ourselves is: is it going up more than BTC? Let's look for confirmations then.
At current prices, we need 40 ETH to buy 1 BTC against an all-time-min of around 50 ETH per BTC and all time high was 10.
The bullish future for ETH is confirmed also by its dominance, about to break 10%.
So yes, it is a good moment to buy if you do not mind to risk to bear some losses at first.
Personally I will wait for either a retrace or a confirmation of the breakout of 0.25 or of the 10% dominance, depending on which one happens first. NOTE THAT MY PURCHASE IS INTENDEDFOR A LONGER TERM TRADE, NOT FOR LONG/SHORT SWINGS. I want to build my Alt portfolio after I sold thempretty much completely almost 1 year ago, so to be ready for the next bull run.
What is your view and you targets on ETH ?
It is doomed to go up a lot. But the question we always have to make to ourselves is: is it going up more than BTC? Let's look for confirmations then.
At current prices, we need 40 ETH to buy 1 BTC against an all-time-min of around 50 ETH per BTC and all time high was 10.
The bullish future for ETH is confirmed also by its dominance, about to break 10%.
So yes, it is a good moment to buy if you do not mind to risk to bear some losses at first.
Personally I will wait for either a retrace or a confirmation of the breakout of 0.25 or of the 10% dominance, depending on which one happens first. NOTE THAT MY PURCHASE IS INTENDEDFOR A LONGER TERM TRADE, NOT FOR LONG/SHORT SWINGS. I want to build my Alt portfolio after I sold thempretty much completely almost 1 year ago, so to be ready for the next bull run.
What is your view and you targets on ETH ?
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