A while ago, around 2k I said ETH will go to 2500 soon. It almost did. Then I said I closed my position and "I feel like I'm not missing a big opportunity here."
I think now is the time to consider the bearish possibility. I bet your favorite youtuber is almost 100% sure ETH/BTC has bottomed. And you are frustrated ETH didn't move much in this bullish environment. Maybe, it's time to give up :D
I'm not shorting ETH yet. I'm just saying it's time consider the bearish possibility, for the macro chart.
I think now is the time to consider the bearish possibility. I bet your favorite youtuber is almost 100% sure ETH/BTC has bottomed. And you are frustrated ETH didn't move much in this bullish environment. Maybe, it's time to give up :D
I'm not shorting ETH yet. I'm just saying it's time consider the bearish possibility, for the macro chart.
코멘트:
It's not that scary if you zoom out. Maybe better for the future of ETH?
코멘트:
An upthrust like this would be great short trigger for me.
코멘트:
Imagine this is the chart 2 years later. I'd sell everything to buy more ETH.
코멘트:
That'd be the chart that can carry ETH to 15k. Not the current one.
코멘트:
I don't think this bounce is different from the previous bounces. I'd change bias above 0.55.
코멘트:
In fact I think it makes it even worse if I'm right.
코멘트:
We'll see its real color by the end of the week. It can still be a bullshit. 2650 was the ceiling for the USD pair in my view. For now it holds.
코멘트:
It'd be nice if it makes this Adam and Eve type of thing. Otherwise this trade is too easy. ETH's fate ultimately depends on BTC pair.
코멘트:
Ok it's probably bullish now. If BTC sits above 48k, ETH has to go. Online gambling doing the last hurrah in other words.
코멘트:
This was like the moment I had with BTC when it hit 40k for the first time :D Short lived bearish doubt.
Ultimately anyone with some factual perspective knows that these assets are not going up because they are really valuable. Or because people need them. Or because it's the future. No. But charts say "more". Or they say it's not done. So it doesn't make sense to against the charts.
Ultimately anyone with some factual perspective knows that these assets are not going up because they are really valuable. Or because people need them. Or because it's the future. No. But charts say "more". Or they say it's not done. So it doesn't make sense to against the charts.
코멘트:
So agree with Peter Brandt :D Failure of massive rising wedge. Failure of bearish patterns are bullish. I'd say look for 3500 level next.