Mihai_Iacob

Ethereum- Best crypto to own these days?

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Mihai_Iacob Diupdate   
BITSTAMP:ETHUSD   Ethereum
I was bearish crypto market and Ethereum for this fact, but I said multiple times:"trade what you see, not what you think", and when it comes to EthUsd I don't see bearish price action, on the contrary.
Indeed, here also we had a sell-off, but we don't have lower lows like in Btc for example. What we have is strong reversals each time the cryptocurrency is close to 2k
More, at this point, EthUsd is trading back above 2.2k and is carving a higher low.
As I don't expect 2018 all over again in the crypto market and I think this is a deep but normal correction, in my opinion, eth is the crypto to own.
That being said, dips from this point represent good buying opportunities and we really can see EthUsd at 3k once the selling pressure lifts off from BTC.
As a speculator I'm used to thinking in risk:reward terms so:
A buy at 2.2k with a 10% SL and a target of 3k(35%) would have 1:3.5 R:R

Best Regards:
Mihai Iacob

Komentar:
I had a short from 2350, close it and bought some at 2200
Now i m trying to buy a dip close to 2.2...
Let s see

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