Hello, i believe crypto and ethereum are gonna sh1tting the beds soon.
Im bearish on crypto since month´s, i would have thought that it goes down faster but nonetheless the bearish scenario is still on track.
Best shortterm case would be for eth to revisit the red curve once again altho i wouldnt bet on that and think we could see a major drop anytime soon.
As long red channel is intact i dont believe a retest of the curve will happen.
If you are long crypto only invest what you can afford to loose as this could turn out as Pump and Dump/ Bubble/ Ponzi.
When Btc goes sub 30k there will be massive selling pressure from Liquidations as leverage in the market is as high as never!
We have just insane Leverage:
- Defi´s Total Value Locked is 200B USD
- 440k BTC in Open Interest in Futures (Nearly ATH)
- Saylor and others leveraging their BTC holdings
I see the chance for eth to go back into bullmode at ~400 USD but may aswell drop to my supp zone from above.
Be careful out there.
View´s are my own, Do your own research.
Please leave a like if you found this useful =)
Im bearish on crypto since month´s, i would have thought that it goes down faster but nonetheless the bearish scenario is still on track.
Best shortterm case would be for eth to revisit the red curve once again altho i wouldnt bet on that and think we could see a major drop anytime soon.
As long red channel is intact i dont believe a retest of the curve will happen.
If you are long crypto only invest what you can afford to loose as this could turn out as Pump and Dump/ Bubble/ Ponzi.
When Btc goes sub 30k there will be massive selling pressure from Liquidations as leverage in the market is as high as never!
We have just insane Leverage:
- Defi´s Total Value Locked is 200B USD
- 440k BTC in Open Interest in Futures (Nearly ATH)
- Saylor and others leveraging their BTC holdings
I see the chance for eth to go back into bullmode at ~400 USD but may aswell drop to my supp zone from above.
Be careful out there.
View´s are my own, Do your own research.
Please leave a like if you found this useful =)
Comment:
i kinda dont like that eth has rising volume while going sideway, this is usually bullish.
i wouldnt short current prices, maybe wait for it until this supp zone broke.
i kinda dont like that eth has rising volume while going sideway, this is usually bullish.
i wouldnt short current prices, maybe wait for it until this supp zone broke.
Comment:
If this support breaks it will propably get ugly for atlcoins and eth
Comment:
ethbtc right under resistance, easy short setup still
According to Volume, Crypto is running out of "greater fools".
I once was bullish on crypto too but it just doesnt work as "advertised"
Its not scalable, and therefore will not make it. it will propably have niche use cases in the future but i dont see it going mainstream.
Current price´s still assume crypto has a chance as mainstream payment but it wont happen in its current state. Be Careful out there and DYOR