Post
Topic
Board Speculation
Re: Bitcoin is moving sideways for day, Where to from here?
by
covfefe_
on 20/11/2020, 13:57:48 UTC
Am watching the price movement of ETH lately, if ethereum should pick up from here it might be difficult to predict the price movement of bitcoin. Ethereum picking up from here will move money to altcoins, its another cycle of getting money into altcoins before another bitcoin move. Some altcoins are not actually doing bad and the recovery of Defi. If bitcoin does not make 19k in 2 weeks we might wait till next year to break the ATH.

Same here, Checking from its history makes it a bit low price where BTC has its level of pricing as of today, I am waiting for some consolidations and a break out to confirm a buy. thus unsure of ETH demands as well on these coming days.

Ethereum would be much riskier in my opinion. In case bitcoin goes a massive rise, Ethereum would be affected as people would sell it to buy bitcoin and if bitcoin crashes, it would crash the whole crypto market with it.
The best option would be to keep buying bitcoin at the moment and take small profits while holding some for 20K with a stop loss at 16.5K.