Hey, what up my fellow traders and Moonboyz. It's been awhile since I posted my two cents. If anyone saw my old posts on Ethereum you will notice that my calls were pretty spot on. Especially when I called a drop to $220 when it was $262. Anyway, this is my next idea and I'll be ready for this one. I'm sick and tired of seeing posts everyday about Eth moving 6 bucks. Common now, the fees you pay alone are not worth taking a trade for a .7 % profit. I'm beginning to have doubts about the crypto market right now and I'm beginning to believe that our run up this year was nothing more than a long awaited correction in the middle of a bear market. This is just a hunch and right now I am still undecided. I can only do what the charts tell me to do. I do know this though! There really is no desire right now to push the price of Ethereum above key resistances, when the bears keep pushing the price down and the bulls are looking to buy at lower prices. Tell me what you think of my idea as this is just an idea. Best of luck traders and I hope you moonboyz aren't getting reckt, however I doubt it.
코멘트
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So as I expected, we are in the buy Zone. The key is to be patient in Crypto! These moves take time!
I expect in short term a small move up because of btc to 9.3k. And yes I said it long time ago, this bullrun in 2019 was a corrective wave up. Still in a bear market. Don t get fooled.
mfibbs
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@SkyBottom, Sorry bro...you were wrong on this one
SkyBottom
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@mfibbs, weaker then I thought. I took a quick short on BTC however when it broke resistance level with a good 4% profit. Now trying to find out where the temporary bottom will be of this downtrend + serious rebound. I guess around 6.1 - 6.3k ? What do you think?
SkyBottom
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@mfibbs, That is what I meant in my original comment, not to short around those levels. I expected a move up and short squeeze, at the end I was right :) Safe to go for a short again around mid 9K.
mfibbs
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@SkyBottom, These moves take time. I'm kinda proud of myself! I would say my analysis was spot on and had everyone been patient, we would have made alot of $$$ on this short. I picked some up at $139 and waiting for pullback to see if this is the end.