The title of ETH as the king of altcoins is not unfounded.
Today, a rise of 140 points in just a few minutes.
When playing with ETH, it must be treated like an altcoin, and contracts should mainly focus on swing trading. Missing out is not scary, just don’t make mistakes.
In fact, from this 'Trump Effect', we can see how crazy the crypto world is. Try to maintain contracts for swing trading; sometimes a clear trend with substantial profits can be wiped out due to one’s own greed.
Additionally, in March, BTC was at 73800, and ETH was at 4000. Now BTC has broken new highs at 76400, while ETH is still starting with a 2. Therefore, BTC can be traded for high shorts and low longs for swing trading, while personally, I still view BTC as mainly for bottom fishing and going long for swing trading. The timing of entry is very important.
Still, it is said: don’t fear missing out, just fear making mistakes. The market has opportunities every day, don’t be too aggressive.
Speaking of my personal situation, I made a profit from 69200 to 71460 yesterday, but I missed the rise from 71500 to 75400. I didn’t bet on the 'Trump Effect', but I did see 72500 at 74800 and exited at 72860. This morning, I took a short position on BTC; my requirements are not high, just stable and safe operations every day. As long as I am still alive in the crypto world, time is the ATM.
