Ethereum / Bitcoin
Short

Ether/Bitcoin pair breaking down

134
Ethereum continues to bleed against Bitcoin. I sold all of my ether around $1,800 last year during the 'buy the rumor, sell the news' merge event and haven't rebought since. I'm waiting until the ETHBTC ratio dips back below 0.04, and ideally on a USD pullback below $1,300. As usual, patience is key.

Currently, I'm 70% cash after the bitcoin pop, with plans to be all in 2 months before the halving, i.e. halving Apr 2024 -> be all in by Feb 2024. Note a recession may change this plan if it materializes.

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