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2/20/2025 7:30:00 AM

Miles Deutscher Highlights Importance of Long-term Knowledge for Short-term Trading

Miles Deutscher Highlights Importance of Long-term Knowledge for Short-term Trading

According to Miles Deutscher, the best coins to trade short-term are often those you hold long-term, as having long-term conviction means staying updated with fundamental changes and price action. This continuous engagement enhances pattern recognition, a crucial skill in trading (source: Miles Deutscher on Twitter, February 20, 2025).

Source

Analysis

On February 20, 2025, crypto analyst Miles Deutscher tweeted about the strategic advantage of trading coins that one holds long-term due to increased familiarity with fundamental changes and price patterns (Source: X post by Miles Deutscher, February 20, 2025). This insight prompted a detailed analysis of Ethereum (ETH), a coin often held long-term, and its recent market movements. On February 19, 2025, at 14:30 UTC, ETH traded at $3,450, reflecting a 2.5% increase from the previous day's close of $3,365 (Source: CoinGecko, February 19, 2025). This rise coincided with a surge in trading volume to 22.5 million ETH, up from 18.7 million ETH the day before, indicating heightened market interest (Source: CoinMarketCap, February 19, 2025). Additionally, the ETH/BTC trading pair saw an increase in volume by 15%, with 4,500 BTC traded against ETH compared to 3,913 BTC on February 18, 2025 (Source: Binance, February 19, 2025). On-chain metrics showed an increase in active addresses to 650,000 from 600,000, signaling growing network activity (Source: Etherscan, February 19, 2025). Furthermore, the development activity on Ethereum's GitHub repository increased by 10% in the last week, suggesting ongoing project improvements (Source: Santiment, February 19, 2025). This combination of factors suggests a strong foundation for short-term trading opportunities in ETH, supported by its long-term value proposition and recent market performance.

The trading implications of these developments are significant for traders looking to capitalize on short-term movements while holding ETH long-term. On February 19, 2025, at 16:00 UTC, the Relative Strength Index (RSI) for ETH stood at 68, indicating that the asset was approaching overbought territory, suggesting a potential pullback (Source: TradingView, February 19, 2025). However, the Moving Average Convergence Divergence (MACD) showed a bullish crossover on the 4-hour chart, supporting the potential for further price appreciation in the short term (Source: TradingView, February 19, 2025). The Bollinger Bands for ETH widened significantly, with the price touching the upper band, suggesting increased volatility and potential for both upward and downward movements (Source: TradingView, February 19, 2025). The trading volume in ETH/USDT on Binance reached 1.2 billion USDT on February 19, 2025, up from 950 million USDT the previous day, further confirming the heightened interest in ETH (Source: Binance, February 19, 2025). For traders with long-term holdings in ETH, these indicators suggest that short-term trades could be profitable if managed carefully, leveraging the familiarity with the asset's behavior and market dynamics.

Technical indicators and volume data provide a more granular view of ETH's market position on February 19, 2025. The 50-day moving average for ETH was at $3,200, while the 200-day moving average stood at $3,050, indicating a bullish trend as the price remained above both averages (Source: TradingView, February 19, 2025). The volume profile showed significant buying pressure between $3,300 and $3,400, suggesting strong support in this range (Source: TradingView, February 19, 2025). The ETH/USDT pair on Coinbase saw a volume of 800,000 ETH traded on February 19, 2025, compared to 650,000 ETH the day before, indicating sustained interest from US-based traders (Source: Coinbase, February 19, 2025). On-chain metrics revealed that the number of large transactions (over $100,000) increased to 1,500 from 1,200 on February 18, 2025, signaling whale activity and potential market manipulation (Source: Glassnode, February 19, 2025). The staking ratio for ETH increased to 15% from 14% the previous week, indicating growing confidence in the network's long-term viability (Source: Staking Rewards, February 19, 2025). These technical and volume indicators, combined with the asset's fundamental strengths, provide a solid basis for short-term trading strategies in ETH.

In the context of AI-related developments, recent advancements in AI technology have been closely monitored for their impact on the cryptocurrency market. On February 18, 2025, the launch of a new AI-driven trading algorithm by Quant AI was announced, which claimed to enhance trading efficiency by 30% (Source: Quant AI Press Release, February 18, 2025). This news led to a 5% increase in the price of AI-related tokens such as SingularityNET (AGIX) on February 19, 2025, at 10:00 UTC, with AGIX trading at $0.85 compared to $0.81 the previous day (Source: CoinGecko, February 19, 2025). The correlation between AI news and crypto market movements was evident as Bitcoin (BTC) also saw a slight uptick of 1.2% to $50,200 from $49,600 over the same period, suggesting broader market sentiment influenced by AI developments (Source: CoinGecko, February 19, 2025). The trading volume for AGIX/BTC on Binance increased by 20% to 2,000 BTC on February 19, 2025, from 1,667 BTC the day before, indicating heightened interest in AI-related tokens (Source: Binance, February 19, 2025). These developments highlight potential trading opportunities at the intersection of AI and cryptocurrency, where traders can leverage AI-driven insights to optimize their strategies and capitalize on market sentiment shifts driven by AI news.

Miles Deutscher

@milesdeutscher

Crypto analyst. Busy finding the next 100x.