BTC and ETH: Is Consolidation Good?
After Bitcoin has reached a new all time high of US$41,962 on the 8th of January 2021, now it looks like the number one cryptocurrency has consolidated itself at the US$33,500 range.
Same is happening to Ethereum who recently broke its previous All-Time High, but it didn’t go to the moon like Bitcoin, instead it fell back slightly and is now hovering around the US$1350 mark.
Is that a bad thing though?
Not really! Especially if you are about to start trading!
Consolidation is GREAT.
The coin establishes a new support level, and the longer this consolidation takes, the more likely the coin will reach a new, higher price level.
That’s at least what traders say. And we want to believe them, because for us, stability and steady growth in coin price is ideal. Our Robots are experiencing exceptionally results during this beginning of 2021.
Ethereum is the second most powerful coin next to Bitcoin. That’s why BrozBot is trading it!
If it’s a must to own some Bitcoin, then it’s a must to own Ethereum as well.
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Our proprietary robot was built from scratch to provide a scalable and reliable solution which executes trades simultaneously at lightning speed.
BrozBot uses 100% technical analysis to identify new trends, overbought/oversold conditions and double-tops/bottoms to determine Buys and Sells.
Depending on volatility, there can be anywhere between 5 and 10 trade setups on a typical day, and each trade setup may have between 1 and 12 entry points (buys and sells). An average day has approximately 30 trades.
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