RE: Bitcoin (BTC) Technical analysis - Steps to $4800?

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Bitcoin (BTC) Technical analysis - Steps to $4800?

in bitcoin •  7 years ago 

Look how close ETH and BTC are following each other:

BTC
BTC

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Thanks. Do you think that ETH can be a protection against BTC fallings? I'm interested in diversification.

According to other people way more knowledgeable than I am, the short answer is "no". The safest option is to put most, if not all, into USDT and then maybe use that to short BTC and ETH in a "bear market".....Then wait for the bottom and load up again to trade.

But as I said....I am still a noob and dont do this for a living....so others may have a more informed opinion / analysis on this.