Is ETH at bottom?
No idea. Very possible. But another plunge is also completely possible.
If support fails here it's BTC $30,000 and ETH $2,000, IMO this would surely end this bear market. But technically I believe we're still in one. Still building higher-lows.
Daily MACD at an extreme low. Daily RSI at a 22 month low as well. Fear/Greed index was at 10 just a couple days ago, incredibly low levels.
Sitting near daily POC in a solid support zone.
I'm building a position with extreme caution.
A failure here and the entire crypto market gets wiped-clean, bull market over. However if we hold here and continue up we might see that BTC $100,000 and ETH $10,000 by the summer.
Good luck.....
No idea. Very possible. But another plunge is also completely possible.
If support fails here it's BTC $30,000 and ETH $2,000, IMO this would surely end this bear market. But technically I believe we're still in one. Still building higher-lows.
Daily MACD at an extreme low. Daily RSI at a 22 month low as well. Fear/Greed index was at 10 just a couple days ago, incredibly low levels.
Sitting near daily POC in a solid support zone.
I'm building a position with extreme caution.
A failure here and the entire crypto market gets wiped-clean, bull market over. However if we hold here and continue up we might see that BTC $100,000 and ETH $10,000 by the summer.
Good luck.....
Comment:
Nice little bounce, made some nice profit. Now I'm back on my heels as the bottom of this market could fall-out literally over-night