During the 2018 move down, I must have bought into 100 pumps (and then sold 100 dumps).
What can we see by (dangerously?) comparing the previous cycle with the current one on the ETHUSD weekly chart?
Previous Cycle
1. The long term upward trendline got broken
2. Price tried to break above it again, but got rejected
3. A bear market began that ended with the RSI becoming oversold (my signal to buy for the next cycle)
Current Cycle
1. The long term upward trendline got broken
2. Price is trying to break above it again...
3. ?
What can you see? Any comments or discussion points, please leave in comments section.
Thanks for reading.
What can we see by (dangerously?) comparing the previous cycle with the current one on the ETHUSD weekly chart?
Previous Cycle
1. The long term upward trendline got broken
2. Price tried to break above it again, but got rejected
3. A bear market began that ended with the RSI becoming oversold (my signal to buy for the next cycle)
Current Cycle
1. The long term upward trendline got broken
2. Price is trying to break above it again...
3. ?
What can you see? Any comments or discussion points, please leave in comments section.
Thanks for reading.
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