SummaryBitcoin may not have escaped the 2021–2022 bear market, but plenty of altcoins are trying to reverse the trend.AAVE is a key altcoin we are trading for the latter half of 2022.Since its June low, AAVE has given us a solid swing trade setup, from which we have derived a low-risk and potentially a high-return trade.Produced by Ryan Wilday with Avi Gilburt and Jason AppelIn my article, Bitcoin And Ethereum Are Parting Ways, I explained how Ethereum (ETH-USD) was far more likely to reverse out of its bear market than Bitcoin (BTC-USD). This was assumed to be true, as long as Ethereum held $1000. So far, not only has Ether held $1000, but it has staged a solid, impulsive reversal, which opens the door to $10K and beyond.Ethereum, daily (Motivewave Software)The ETH/BTC chart is also evidence of Ether’s relative strength and is gunning for 0.10+ Bitcoin per Ether.ETH/BTC (Motivewave Software)To be clear, despite Bitcoin’s recent rally, the risk of breaking $16K still looms. More importantly, the Bitcoin chart is less certain. So, unless you are looking for long-term dollar cost averaging, it’s good to wait for Bitcoin’s trend to clarify. Either Jason or I should post a Bitcoin article once the situation becomes clearer.Sometimes, Ether strength can portend strength in other altcoins. In the Crypto Waves service, we selected several altcoins, other than Ethereum, that we wanted to focus on during the latter part of 2022. Jason ...
SEC Hosts First-Ever Crypto Roundtable Today
