Second Week of December Bearish 🔻
BTC and ETH share similarities. The first major similarity is that four years ago in 2020, a Halving year like this 2024, exactly the same thing happened. (see BTC and ETH charts).
Bitcoin Chart
Ethereum Chart
Similarities
Points A and B mark the coincidences. We are in the second week of December, and in both cases, for BTC and ETH, in 2020 it was a bearish week 🔻. We believe that this time, in this second week of December 2024, we will repeat the same bearish pattern 🔻.
Ethereum and Altcoins
Ethereum is similar to the Total2 price index: that is, the general market minus Bitcoin. Therefore, if Ethereum starts to rise after this second week we are going through, as its price pattern is similar to Total2, this would mark the beginning of a bullish trend for the rest of the market. Something that everyone is looking for, as the profitability generated by altcoins in a bullish period is much more profitable than Bitcoin or the larger capitalization altcoins like Ethereum itself.
Lastly
Create a cryptocurrency portfolio, intelligently rebalance your portfolio, and leave the futures market for the novices who wish to continue playing Professional... 😏 [◽]
"Learn from those who know, get comfortable and relax, as your adventure is just beginning"
Greetings and success in your trades! 😔🙏
