BTC or ETH? Which is more bullish

BTC or ETH? Which is more bullish

By espacioreal | elespacioreal | 16 Sep 2020


Some time ago building my portfolio I put a part of my modest capital in cryptocurrency, also I took a position when ETH surpassed the previous highs because simply DeFi came with everything in July and I ate the correction by carelessness. Yesterday I was doing a brief analysis based on why the weekend BTC turned bullish again and who knows, maybe this time it will break 12k (the third is the expired haha) this is what I did.

On 08/31 both reached highs, with ETH falling a higher% by approx 36% and BTC by 18.5%. From the 4/9 low this weekend ETH had risen approx 26% but fell again 6% this week, while BTC on the contrary rose more than 11% and is currently trying to break above 11k.

According to what I had been seeing, the graphs seem to go hand in hand with each other, also when correcting they are worn to the rest, the same thing happens with the FAANG. The thing is that I saw that the ETH / BTC pair existed and I made the change yesterday and if BTC returns to 12k I recover the "losses", I see it more feasible that with ETH it returns to its maximums since from the minimums that I said previously he has been recovering more.

For me ETH is the future because it is the fuel for the rest of the applications on the blockchain. In fact, people have been talking about "the flippening" for a long time. Bitcoin has a lot of value and history as the first decentralized monetary system, but little has evolved in recent years (not to mention forks like ABC / Cash / SV could not take off too much). The Bitcoin maximalists are going to tell you that the rest of the crypto is pure smoke, but personally that ideologization of money seems unhealthy to me.


espacioreal
espacioreal

A veces leo.

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