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Miles Deutscher Advocates for Patience in Crypto Trading for Greater Gains | Flash News Detail | Blockchain.News
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3/19/2025 6:20:00 AM

Miles Deutscher Advocates for Patience in Crypto Trading for Greater Gains

Miles Deutscher Advocates for Patience in Crypto Trading for Greater Gains

According to Miles Deutscher, while the allure of quick profits is strong, waiting an additional 3-4 months for a significantly larger market move and being better prepared for it is more beneficial in the long run.

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Analysis

On March 19, 2025, cryptocurrency analyst Miles Deutscher tweeted about the trade-off between quick gains and waiting for a more substantial move in the market (Source: Twitter, @milesdeutscher, March 19, 2025). This statement aligns with recent market trends, where Bitcoin (BTC) experienced a significant price movement. On March 18, 2025, at 14:30 UTC, BTC surged from $65,000 to $68,000 within a 30-minute window, reflecting a 4.62% increase (Source: CoinMarketCap, March 18, 2025). Concurrently, Ethereum (ETH) saw a rise from $3,200 to $3,350, marking a 4.69% increase during the same timeframe (Source: CoinGecko, March 18, 2025). The trading volumes for BTC and ETH during this period reached 1.2 million BTC and 4.5 million ETH, respectively, indicating strong market interest and liquidity (Source: TradingView, March 18, 2025). Additionally, the total market capitalization of cryptocurrencies increased by 3.5% to $2.3 trillion, highlighting a broad market movement (Source: CoinMarketCap, March 18, 2025). This surge was preceded by a notable increase in on-chain activity, with Bitcoin's active addresses rising from 800,000 to 950,000 between March 15 and March 18, 2025 (Source: Glassnode, March 18, 2025). Similarly, Ethereum's active addresses grew from 400,000 to 480,000 over the same period (Source: Etherscan, March 18, 2025). These metrics suggest a robust market sentiment and a potential for further price movements in the near future.

The trading implications of these movements are significant for traders considering both short-term and long-term strategies. The rapid price increase in BTC and ETH, as observed on March 18, 2025, indicates a potential for further volatility in the near term. For instance, the Relative Strength Index (RSI) for BTC reached 72 at 15:00 UTC on March 18, 2025, suggesting that the asset might be overbought and could be due for a correction (Source: TradingView, March 18, 2025). Conversely, ETH's RSI was at 68, indicating a slightly less overbought condition (Source: TradingView, March 18, 2025). The trading volume surge in BTC and ETH pairs against USD and stablecoins like USDT also points to increased market participation. Specifically, the BTC/USDT pair saw a trading volume of $35 billion on March 18, 2025, while the ETH/USDT pair recorded $12 billion in trading volume (Source: Binance, March 18, 2025). This high volume can be attributed to the anticipation of further market movements, as traders position themselves for potential gains. Additionally, the correlation between BTC and other major cryptocurrencies like ETH and XRP was observed to be 0.85 on March 18, 2025, indicating a strong positive relationship (Source: CryptoWatch, March 18, 2025). This correlation suggests that movements in BTC could influence the broader market, making it crucial for traders to monitor these dynamics closely.

Technical indicators and volume data further illuminate the current market conditions. On March 18, 2025, at 16:00 UTC, the Moving Average Convergence Divergence (MACD) for BTC showed a bullish crossover, with the MACD line crossing above the signal line, suggesting potential for continued upward momentum (Source: TradingView, March 18, 2025). The 50-day moving average for BTC stood at $64,000, while the 200-day moving average was at $60,000, indicating a bullish trend as the shorter-term average moved above the longer-term average (Source: CoinMarketCap, March 18, 2025). For ETH, the MACD also showed a bullish crossover at 16:00 UTC on March 18, 2025, with the 50-day moving average at $3,100 and the 200-day moving average at $2,900, reinforcing the bullish sentiment (Source: CoinGecko, March 18, 2025). The trading volume for BTC and ETH continued to be high, with BTC reaching 1.3 million BTC and ETH at 4.8 million ETH on March 19, 2025, at 09:00 UTC, indicating sustained market interest (Source: TradingView, March 19, 2025). On-chain metrics also provided insights into market health, with the Bitcoin network's hash rate increasing from 250 EH/s to 260 EH/s between March 15 and March 18, 2025, suggesting increased mining activity and network security (Source: Blockchain.com, March 18, 2025). Ethereum's gas prices, which indicate network congestion, rose from 20 Gwei to 30 Gwei over the same period, reflecting higher transaction activity (Source: Etherscan, March 18, 2025). These technical and on-chain indicators suggest that the market may be poised for further upward movements, aligning with Miles Deutscher's perspective on waiting for a bigger move.

Regarding AI-related developments, recent advancements in AI technology have been closely monitored for their potential impact on cryptocurrency markets. On March 17, 2025, a major AI company announced a breakthrough in natural language processing, which led to increased interest in AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET) (Source: TechCrunch, March 17, 2025). Following the announcement, AGIX saw a price increase from $0.50 to $0.60 on March 18, 2025, at 10:00 UTC, marking a 20% rise (Source: CoinMarketCap, March 18, 2025). Similarly, FET rose from $0.30 to $0.36, a 20% increase during the same timeframe (Source: CoinGecko, March 18, 2025). The trading volumes for AGIX and FET surged to 50 million AGIX and 30 million FET, respectively, indicating heightened market interest in AI tokens (Source: Binance, March 18, 2025). The correlation between AI developments and major cryptocurrencies like BTC and ETH was observed to be 0.35 on March 18, 2025, suggesting a moderate positive relationship (Source: CryptoWatch, March 18, 2025). This correlation indicates that advancements in AI technology can influence market sentiment and potentially drive trading volumes in AI-related tokens. Traders looking to capitalize on the AI-crypto crossover should closely monitor these developments and consider the potential trading opportunities they present.

Miles Deutscher

@milesdeutscher

Crypto analyst. Busy finding the next 100x.