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BrandonrG
Apr 17, 2024 4:26 AM

Eth 41624 

Ethereum / U.S. dollarBitstamp

Description

I'll be real here. Eth looks fried. It is breaking down against bitcoin as well. It appears to be putting in a lower high on usd pair and vs btc its toast. Its been on my mind and I really hope it doesnt. I do have some shitcoin positions still but not very much. Derisked weeks ago on the pumps and BTC dominance flexing
. Ethereum really needs to put in a long term base structure and find itself in this world. imho the merge and transition to stake model, completely screwed any potential it had. Its centralized garbage now. personally will not be heavy in any alts. THe only ones that could see something are the king of AI and that TAO. But the rest of the shitcoin market isnt looking so hot and really serves no purpose for society. Unless dominance really craters and starts to paint a bullish setup for alts im out.

Goodl luck eth maxis
Comments
MyCryptoParadise_Simon
So overall we are Bearish. Is that what you're trying to say?
BrandonrG
@MyCryptoParadise_Simon, alll I say is what I did when I made my dominance chart a while back. I never go 100 percent bitcoin. But until I see dominance change to a bearish trend, Im sticking to heavy btc, ordinals, WZRD , runes etc.
BrandonrG
@MyCryptoParadise_Simon, also have cash. cant forget to say this enough. scale some profits bc I see a place where just like we could pump to 100k. we could dip to 50k or lower. If so alts will get decimated.
Owcheew8
Good riddance.
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