Bitcoin Bull Run Ahead, But Ethereum Crash Looms
The Victory Coin Team's King of Coins believes that Bitcoin's mid-term trend is confirmed, but Ethereum is still on track for a major crash. In his latest analysis, he notes that the market has been improving recently and is matching expectations for a dip followed by a bull run. He recommends layering longs between 77,200-76,600 for short-term strategies on Bitcoin, which hit targets.
On Ethereum, King of Coins suggested layering longs between 2,415-2,385, which also reached the targets and peaked near 2,430. He advises prioritizing short positions on both assets, with longs being secondary and only half the size of shorts.
The King of Coins emphasizes the importance of consistent trading logic and warns against being blinded by flashy stats or cherry-picked screenshots. He encourages traders to stick around for the long term to learn from a blogger's consistent trading logic.