There have been all kinds of optimistic predictions about Ethereum these days, and these continue to pour in.
Now, it’s been revealed that the crypto trader and analyst known for turning a few thousand dollars into $100,000 in a summer trading competition just said that he’s ready for Ethereum to outpace Bitcoin in the new year.
Optimistic about BTC in 2021
The online publication theDaily Hodl notes that the investor goes by the name SalsaTekila and he shared on Twitter that he’s accumulated a massive allocation of ETH in preparation for 2021.
I own an uncomfortable amount of $ETH (spot). Bought more again today, with the trading gainz. I think it will outperform bitcoin in the coming year. It's the only way I can hold a swing trade for a long time: by owning the asset. I would never succeed with leverage.
— SalsaTekila (@SalsaTekila) December 13, 2020
Someone responded with: “Been mining it all year. Very happy I started to. Even with the 2.0, I’m going to mine as long as I can. Hoping to get enough to stake before I can’t mine it any more. Cheers!”
The trader says he’s not expecting a rally too soon.
My plan goes as follow: buy every $BTC dip and disable red button. I really don't see any technical resistance up to price discovery. Unless there's a shift in tides, I'll keep riding the bull waves. Buy dips, not rips. I won't share my trades until ATH, or something big. GL 🤞 https://t.co/X12ovpdrG4 pic.twitter.com/JkPhrAd162
— SalsaTekila (@SalsaTekila) December 12, 2020
He’s also watching Bitcoin and he says that he’s not expecting BCT to hit $20k just yet.
“I don’t see much to do for BTC trading right now. No idea what direction it picks, which means if I scalp I need to monitor for both entry AND exit, there would be no ‘letting trades run…” he said.
He continued and pointed out that “Not saying it’s going to dump, just think it’s probably a good price to sell into fiat until I believe we break $20,000, which isn’t now [in my opinion].”