Trading BTC / ETH and selected alts

[Bergkampsballs]

Hi, I was thinking of trading between BTC, ETH and maybe a few others such as DOT and ADA but the fact that most traders trade between BTC / USDT or ETH / USDT etc suggests that it's probably a dumb idea that will cost me money. The fact that I need to ask this question probably suggests I shouldn't try it but it seems to me that they go up and down in spurts.

For example ETH has just had a bit of a pump whilst Bitcoin is has been up and down so I've traded some ETH for BTC hoping that I can catch a raise from BTC whilst avoiding any potential correction on ETH. I was wondering if this kind of strategy is something that many people have tried and had much success with or had any bad experiences with?

[jackg]

So your idea is to buy the bounce back up after eth drops?

Itll work as long as you don't sell the coins and the coin value actually rebounds/you don't put too much into it. A good place to start would be looking at a longer Timeframe and seeing where it's bounced and seen support in the past and attempt to trade based on that if you can.

(although you're risking the times it won't work and hoping that isn't yet - still something to test with a few %).

[Bergkampsballs]

So your idea is to buy the bounce back up after eth drops?

Itll work as long as you don't sell the coins and the coin value actually rebounds/you don't put too much into it. A good place to start would be looking at a longer Timeframe and seeing where it's bounced and seen support in the past and attempt to trade based on that if you can.

(although you're risking the times it won't work and hoping that isn't yet - still something to test with a few %).

Yeah, I'm just thinking to shuffle my portfolio around a bit so if Bitcoin and ETH pump but DOT doesn't I would switch some BTC or ETH to DOT which I would then hold until DOT pumps and look to trade it for whichever coin hasn't just pumped. I'd try to do the opposite with coins that have just dumped.

[GreatArkansas]

(....)
For example ETH has just had a bit of a pump whilst Bitcoin is has been up and down so I've traded some ETH for BTC hoping that I can catch a raise from BTC whilst avoiding any potential correction on ETH. I was wondering if this kind of strategy is something that many people have tried and had much success with or had any bad experiences with?

It's difficult on that way, not all the time Ethereum will pump and Bitcoin will do sideways, sometime if Bitcoin is dumping altcoins are dumping too, especially Ethereum and some large market cap altcoins.
The best way is to have both technical analysis for a pair you want to trade, seperate with Bitcoin and Ethereum for example. Sometime Bitcoin and Ethereum correlate, but the best to do is to have analysis first.

[exstasie]

Hi, I was thinking of trading between BTC, ETH and maybe a few others such as DOT and ADA but the fact that most traders trade between BTC / USDT or ETH / USDT etc suggests that it's probably a dumb idea that will cost me money.

If the market is sufficiently liquid for your needs (i.e. you won't be constantly experiencing bad slippage) then it really doesn't matter whether you trade against BTC or USDT.

I only trade against BTC personally because my goal is to generate BTC profits, not USD profits. Trading against and caring about fiat value would only distract from that. If altcoin trading is losing me BTC, that's a huge fail.

It also makes more sense to trade ALT/BTC markets because you basically never want to be holding fiat in this kind of bull market.

On the other hand, if you're the type of person who is very scared of holding crypto, and more concerned about preserving USD value than BTC value, then trading against USDT probably makes more sense.

For example ETH has just had a bit of a pump whilst Bitcoin is has been up and down so I've traded some ETH for BTC hoping that I can catch a raise from BTC whilst avoiding any potential correction on ETH. I was wondering if this kind of strategy is something that many people have tried and had much success with or had any bad experiences with?

That tends to be how these bull runs go: BTC sideways, alts up. Careful though, because when BTC goes on a ripper, ALT/BTC markets will dump hard. Since my primary concern is always preserving BTC value, I am pretty regimented about taking profits on alt trades and holding them in BTC. I avoid getting greedy with alts because the crashes are so epic and fast.

I like to look for big swing trade opportunities. When this multi-year formation pops, it's going to be much more profitable to hold ETH than BTC:

Just don't get greedy and think it's going to last forever. If you start hearing "flippening" talk, you should probably be taking profits off the table.

[Bergkampsballs]

It's difficult on that way, not all the time Ethereum will pump and Bitcoin will do sideways, sometime if Bitcoin is dumping altcoins are dumping too, especially Ethereum and some large market cap altcoins.
The best way is to have both technical analysis for a pair you want to trade, seperate with Bitcoin and Ethereum for example. Sometime Bitcoin and Ethereum correlate, but the best to do is to have analysis first.

Cheers, I've been swatting up on technical analysis but I really need to do more TBH.

If the market is sufficiently liquid for your needs (i.e. you won't be constantly experiencing bad slippage) then it really doesn't matter whether you trade against BTC or USDT.

I only trade against BTC personally because my goal is to generate BTC profits, not USD profits. Trading against and caring about fiat value would only distract from that. If altcoin trading is losing me BTC, that's a huge fail.

It also makes more sense to trade ALT/BTC markets because you basically never want to be holding fiat in this kind of bull market.

On the other hand, if you're the type of person who is very scared of holding crypto, and more concerned about preserving USD value than BTC value, then trading against USDT probably makes more sense.

Just don't get greedy and think it's going to last forever. If you start hearing "flippening" talk, you should probably be taking profits off the table.

Thanks man, I'll give it a shot! I've transferred most of my port into ETH for now so hopefully it goes on a rampage.

I was a bit confused as to why people tend to prefer trading against USDT as I would have thought you can make more money trading against other crypto.

[South Park]

I was a bit confused as to why people tend to prefer trading against USDT as I would have thought you can make more money trading against other crypto.

Most likely they do this because those two coins are the ones that have the biggest 24 hour volume so if you have a lot of coins it is by far the safest way to trade even if the profits are not as good, we must remember that the size of your capital is really important in order to decide in which markets you can trade, in some of the most established markets this is not as much of a problem as there is an immense amount of money invested in it and even if the market of bitcoin is still growing up significantly it is still way smaller than those markets.

[brandtalex]

Hi, I was thinking of trading between BTC, ETH and maybe a few others such as DOT and ADA but the fact that most traders trade between BTC / USDT or ETH / USDT etc suggests that it's probably a dumb idea that will cost me money. The fact that I need to ask this question probably suggests I shouldn't try it but it seems to me that they go up and down in spurts.

For example ETH has just had a bit of a pump whilst Bitcoin is has been up and down so I've traded some ETH for BTC hoping that I can catch a raise from BTC whilst avoiding any potential correction on ETH. I was wondering if this kind of strategy is something that many people have tried and had much success with or had any bad experiences with?

If you're a hard trader or a daily trader I suggest you try grid trading bot. The alts you've mentioned have a great volume in every top tier crypto exchanges like KuCoin,Binance etc.

Also trading via grid trading bot is very easy now, you just have to set your bot on a good entry price and your money will be fine.

Btw here's the link if you wanna see how good the volume is for most of coins/tokens on KuCoin especially BTC & ETH:
BTC-USDT: https://trade.kucoin.com/BTC-USDT
ETH-USDT: https://trade.kucoin.com/ETH-USDT

[KyoRider]

Hi, I was thinking of trading between BTC, ETH and maybe a few others such as DOT and ADA but the fact that most traders trade between BTC / USDT or ETH / USDT etc suggests that it's probably a dumb idea that will cost me money. The fact that I need to ask this question probably suggests I shouldn't try it but it seems to me that they go up and down in spurts.

For example ETH has just had a bit of a pump whilst Bitcoin is has been up and down so I've traded some ETH for BTC hoping that I can catch a raise from BTC whilst avoiding any potential correction on ETH. I was wondering if this kind of strategy is something that many people have tried and had much success with or had any bad experiences with?

If you're a hard trader or a daily trader I suggest you try grid trading bot. The alts you've mentioned have a great volume in every top tier crypto exchanges like KuCoin,Binance etc.

Also trading via grid trading bot is very easy now, you just have to set your bot on a good entry price and your money will be fine.

Btw here's the link if you wanna see how good the volume is for most of coins/tokens on KuCoin especially BTC & ETH:
BTC-USDT: https://trade.kucoin.com/BTC-USDT
ETH-USDT: https://trade.kucoin.com/ETH-USDT

ETH Volatility and BTC volatility doesnt have that much difference to be honest, I actually used to do the strategy that he was talking before, I do swing trades most of the time but I do hodl as well. Trading via bots are a good decision but you gotta be good at reading the volatility too just like trading but with bot, it will help you to lessen the lose that you can get.

[trickbergen5]

Hi, I was thinking of trading between BTC, ETH and maybe a few others such as DOT and ADA but the fact that most traders trade between BTC / USDT or ETH / USDT etc suggests that it's probably a dumb idea that will cost me money. The fact that I need to ask this question probably suggests I shouldn't try it but it seems to me that they go up and down in spurts.

For example ETH has just had a bit of a pump whilst Bitcoin is has been up and down so I've traded some ETH for BTC hoping that I can catch a raise from BTC whilst avoiding any potential correction on ETH. I was wondering if this kind of strategy is something that many people have tried and had much success with or had any bad experiences with?

If you're a hard trader or a daily trader I suggest you try grid trading bot. The alts you've mentioned have a great volume in every top tier crypto exchanges like KuCoin,Binance etc.

Also trading via grid trading bot is very easy now, you just have to set your bot on a good entry price and your money will be fine.

Btw here's the link if you wanna see how good the volume is for most of coins/tokens on KuCoin especially BTC & ETH:
BTC-USDT: https://trade.kucoin.com/BTC-USDT
ETH-USDT: https://trade.kucoin.com/ETH-USDT

ETH Volatility and BTC volatility doesnt have that much difference to be honest, I actually used to do the strategy that he was talking before, I do swing trades most of the time but I do hodl as well. Trading via bots are a good decision but you gotta be good at reading the volatility too just like trading but with bot, it will help you to lessen the lose that you can get.

That's because ETH most of the time follows BTC price but these ETH seems to be outperforming BTC. The so-called king of coins have tumbled a lot the last few days falling as much as 31% and never touching the $41k again while Ethereum has continued to aim higher with now aiming for a new ATH.

Trading will be hard for some because of this though, ethereum has a mixed technical outlook although this is just part of the beginning of the parabolic pump that was seen last 2017, that is why you should be careful with your trades, come up with fair judgments to avoid getting hit in your weakest point.

[seramania]

I sometimes do things like that trading by changing from BTC / USDT, ETH / BTC, or BTC / ETH. although this provides profit but in my opinion there is no significant profit, profit can be obtained when the price has increased sharply and it is valid

[josgandosbro]

the market place is helpful to choose the best coin for future investment. so check them all coin price. Then choose your best coin and invest it. ETH is also the best coin. Trading is not to easy.Before tarding you know the all coin maket price. Then you get somw ideas. If lear every thing then easy to get the more profit.

[batang_bitcoin]

I haven't done this but I've understand the idea that you're telling us. At first try, you have to allocate and spend money on it as it's likely that you'll get into losses before. Be ready and prepare yourself to have some loss if you're going on it as part of experiment and experience.
I think if you'll get to be familiar with that strategy, you can take advantage of the market whether it's red on the side and green on the others.

[maydna]

Every trader will have their trading experience, and we can say that they all will have the same result because that will depend on what they trade. Trading bitcoin pair USDT is good, especially if bitcoin price can go up and down many times so that you can expect to buy low and sell high. But if you feel that trading bitcoin pair USDT is hard to determine the right time to enter the market, you can try with the other pair, such as ETH pair USDT.

The important thing here is you can analyze the coin that you want to trade, and no matter if that is bitcoin, ethereum, dot, ada, or else, you can find the right time to trade. Trade can give you profit, but that will depend on how you analyze the coin and enter the market. So you need to find by yourselves to see which one will work well for you.

[jrrsparkles]

ETH Volatility and BTC volatility doesnt have that much difference to be honest, I actually used to do the strategy that he was talking before, I do swing trades most of the time but I do hodl as well. Trading via bots are a good decision but you gotta be good at reading the volatility too just like trading but with bot, it will help you to lessen the lose that you can get.

Both coins are in sideways at the moment but not in the similar range when we consider 5 min or 30 min candle sticks so you can't predict one with another's technical analysis and its is always important to analyse each coins movement before making a trading decisions. Trading bots are good but most people can't use it effectively because its is more easier for them to do manual spot trading than settings defined execution.

[palle11]

It depends on your love for profit and of course everybody likes such. Then as far for profit, bitcoin pairs are looking volatile, trading such can better satisfy your drive. Bitcoin has the most trading frequency if in comparison and this make increase of volatility.

[crzy]

It depends on your love for profit and of course everybody likes such. Then as far for profit, bitcoin pairs are looking volatile, trading such can better satisfy your drive. Bitcoin has the most trading frequency if in comparison and this make increase of volatility.

I always trade on BTC pair because every token has this one and its very active. Trading can be more limited if its ETH, USDT, or other pair and of course its not that easy to liquidate it aside from BTC and ETH for me. If you want to have more profit then analyze very well on which pair are more effective and what tokens or coins to trade for.

[nelson4lov]

Yeah, I'm just thinking to shuffle my portfolio around a bit so if Bitcoin and ETH pump but DOT doesn't I would switch some BTC or ETH to DOT which I would then hold until DOT pumps and look to trade it for whichever coin hasn't just pumped. I'd try to do the opposite with coins that have just dumped.

You just have to decide what your goal is - Do you want to earn USDT or you want to increase your BTC sats value? Your strategy largely depends on what your decision would be. Another point you should take note about your strategy is that altcoins (including DOT) pumps alongside ETH and dumps with it so you might want to put that into consideration as well.

So far so good, how successful has your strategy been? It looks interesting so I'm hoping you would share some results soon.

[Hypnosis00]

Your decision to trade BTC and ETH seems good actually but you need to study first the current market trend before buying, the same as you do on altcoins. We don't need to rush because we saw people are making good money from trading, it is important for us to be more prepared and enough for us to sustain, not to panic when the market suddenly fall.

[OcTradism]

Please help me to make my decisions with the drop of ETH balance on exchanges in that chart. I know Ethereum is different than Bitcoin and I can not apply what happened for Bitcoin to Ethereum. The common drops of balance on exchanges of the two cryptocurrency are interesting. I will pay my attention to the Ethereum price.

In the analysis of exstasie, Ethereum in ETH/BTC is forming the reversed Head and Shoulders pattern.

We have liftoff. The ETHBTC breakout has been confirmed by a weekly candle close: