What if I told you I found the perfect trade for Bitcoin and Ethereum in 2021 — no matter if the market goes up, down or sideways?
Those who know me know that I’m a sucker for a good pairs trade.
A pairs trade is a strategy with matching long (bullish) and short (bearish) positions in two stocks that have a high correlation between them. Usually, you can spot a high correlation of money flowing out of one stock and into the other.
And we always want to make sure what we’re seeing in the markets now is following a similar pattern from market moves in the past.
These two positions will, in theory, form the base of a hedging strategy that should benefit the buyer whether there’s a positive or negative trend in the stock market.
So when I find trades like these, I call them Money Links.
And the pairs trade I discovered for Bitcoin and Ethereum for the rest of 2021 is one some investors might deem unconventional…
But it’s also one that I’m going to track for the long haul, and something that’s becoming more prominent in the market every day.
The Perfect Pairs Trade for Bitcoin and Ethereum in 2021
Guys, the Money Link I’m beginning to see between the cryptocurrencies Bitcoin and Ethereum is a bit crazy… I’m starting to see huge money flow into Ethereum and out of Bitcoin.
Ethereum used to be arguably the second largest and most popular cryptocurrency after Bitcoin.
But now, my charts are telling me something different. Now it could be beating Bitcoin…
For those of you who remember, there was a massive power outage in China’s Xinjiang region in April — the place where two-thirds (70%) of worldwide Bitcoin mining occurs.
This event caused a violent cryptocurrency crash that drove Bitcoin’s value down nearly 15%. And this major volatility hasn’t slowed down since.
And that’s not the only thing that’s causing Bitcoin’s massive sell-off and money flowing straight into Ethereum.
Check out my short video below to learn more about the perfect pairs trade for Bitcoin and Ethereum in 2021. Be sure to share your thoughts in the comments section below.
And as always, send any trading questions to jeff@joyofthetrade.com and stay ahead of the markets, especially these choppy ones, by subscribing to our YouTube channel.
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