If ETH is in a Bear Market, then switch over to Bitcoin

It appears Ether has hit an important level upon its August 2020 high. The recent crypto weakness may have more room to run especially if the US equity weakness continues.

When ETHUSD is in a bear market, then switch over to Bitcoin. Be mindful that in the USA, any sale of crypto for any reason triggers a tax event.

As you can see above, when ETHUSD hits a downtrend, then ETHBTC trends lower too meaning that Bitcoin gains strength relative to ETH. This simple move can help preserve some capital in a downtrend. This doesn't mean that your account increases. It means that you lose less when in Bitcoin if ETHBTC move lower when ETHUSD moves lower.