I would not advise shorting the rocket. But I would be patient and keep your antennas up for the peak euphoria/hype. I know I know, I am an ETH hater, okay, but to be fair, everything in crypto has bull markets and bear markets. ETH absolutely will not replace bitcoin, its not even worth comparing, two different animals, and when bitcoin gets going and the reasons are related to geopolitical events, there will be no reason for ETH to continue its epic rise. Food for thought. Just a chart.
Not
Just providing a bigger picture which shows more of the preceding price action before the blue box: Not
The less umph version:Not
*The less umph version:İşlem aktif
Looks like the less Umph version? Honey Badger is about to go wild, people are quitting their jobs to trade alts, noobs running wild. Short, will probably add more if we happen to go higher.
Not
Which will break first...the neckline or the wave 5 high?Not
Not
M for murder? Looking good. If and when we break .0057 the doom should kick in, well see:
Not
wow such rektage fell out of the 1d rsi channel/support:took some profits at the neckline as per the fractal, but will prob sell them on the bounce to better my cost basis, this is just getting started IMO
Not
Improved cost basis here:Now i will just be patient and wait for the big drop as shown in the fracal. It may not go exactly the same but I do think there will likely be a big drop eventually when that black trenline breaks...and then a good amount of time of consolidating/drifting up after that to keep hope alive.
Not
Just providing a better view of the fractal as it got cut off on that snapshot...here it is:Not
Not
Not
Increased short position a bit more here, bitcoin going wild for geopolitical/economic reasons as anticipated, there is zero reason that ETH should do well in such an atmosphere. ETH has a nice pump there from the conference yesterday, but the hype should die down. If we make new highs here than trade will be closed, as stupidity will have taken over and I simply wont fight the market. Gluck. Not
While the price did make new highs, it slowed down at a level fairly similar to the fractal initially shown in this chart. So I haven't panicked and decided to stick with it for now. IMO ETH is wildly overvalued relative to bitcoin, but of course that does not mean it can't go higher. We shall see, glad to take a loss if I am wrong. Anyway, here is the updated chart:
Not
Still sticking with this, small position can have a very wide stop. ETH is now worth half of bitcoin which is literally insane. This is very likely the top or close to it:
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.