If Bitcoin continues to outrun Eth we'll see Eth undervalued in comparison to BTC. If the price of Eth drops to 29k Sats look to scoop cheap Eth with both Bitcoin and USD(t). Exit back into BTC when ETH/BTC retests recent highs. Longer terms trade - looking at 3- 12 weeks to unfold if the opportunity presents itself.
This is very obviously a high-risk trade on a very young and volatile asset - proceed with caution. YFI is about to hit a support level - given the fact that this is the only historical support level around this price level in this young asset's life, there is a strong chance we'll see a little bounce. For the record - I am not entering this trade as it's too high...
This is how I'll be managing my ETH/USDT portfolio through Q4. We're sitting in an uptrend right on the 100 Day Moving Average. Each time the price hits a key support level in the accumulation zone, I'll be buying ETH with half my UUSDT stack. Each time ETH hits a take profit target, I'll be selling half my ETH stack for USDT. Keeping it simple. Sometimes the best...
ETH/BTC is sitting in a nice uptrend and has just bounced off of support which also happens to overlap with the 100 Day moving average. Look for ETH/BTC to continue its uptrend or retest the trendline support.
