20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Ethereum Classic (CRYPTO: ETC) is trading lower by 2.6% to $25.67 during Wednesday's session. Shares of several altcoins are trading lower amid a drop in the price of Bitcoin.
Bitcoin is the largest and most well-known cryptocurrency. As such, its price movements often influence the overall sentiment in the cryptocurrency market.
When Bitcoin experiences a significant drop or rise, it can trigger similar movements in other cryptocurrencies like Ethereum Classic due to investors' reactions to the broader market sentiment.
Ethereum Classic also shares some technical similarities as cryptocurrencies, including blockchain technology and consensus mechanisms. Additionally, changes in the technical aspects of one cryptocurrency, such as upgrades or scalability issues, can also impact market perceptions of other cryptocurrencies with similar technical features.
See Also: Bitcoin Headed For 30% Pullback? This Trader Thinks It's A Sign Of Strength
The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!