ETHUSD has been pumping for fundamental reasons, i.e., Fork. We however, have been in a bear market now for well over one year and their maybe more to come. A Fork for an increase in transactional throughput to 2x-50x for ETHUSD Is not a catalyst for the amount of pump this Coin has seen this past 20 days. Unless BTC bottom, we should all view this for what it really is and that's a pump and dump.
I write this hoping someone see what is on the chart, because this is by no means an opinion. And for that reason, fully aware I could be wrong. Keep in mind the trend is your friend until it's not. Only then should our stances change. This is by no means financial advise, nor I’m I telling anyone to short. All I am asking you all to do is to look at the chart without any Biases or Opinions. Let's be subjective.
Being a trader means knowing when to say okay, I am going to sit on the sideline and await confirmation. It Doesn't meanChasing a rabbit i.e. Chasing trades. It is perfectly okay not to trade If the chart is showing us Neutral. I have been on the sideline now for a while. If you believe in ETH Don't trade just DCA and accumulate your possession.
Totally agree. It is going to dump harder, just like BCH. It will be a great short.
letsgetit
⋅
@DocAMG,
Sure, certainly would be a great short.
You would think other traders would learn, but No.
So, I don't blame them. They too are only trying to make ends meet.