Confluence of factors led me to short all these tops, but seem ETH is putting up a fight and forming a symmetrical triangle. Its impressive. No one will deny the strength of this asset. Question is does it have the stregnth to bust through weekly resistance and a long-term down trend (and I mean realllllllly long term). Most would say no, and i tens to agree. Harsh rejections from the tops. Last Run didn't even make it there. Loosing steam....
Or is it (insert bullish scenario) ETH has had a masssssssive run! from 116 lows to consolidating 240-280 whooooooa! more that 100% into consolidation phase. Are we blind? Think Bulls are just going to let this shit go?!?!?! Don't buy the narrative, but maybe time to buy the asset. Turmoil in the global markets, and I heard it at least once that crypto/btc/eth are quickly becoming safe havens... Maybe its time to add to your long term position.
Honestly, dont think we see those SUB 150$ lows again for a looooooong while, maybe time to start adding this crypto to your long term portfolio.
Full Disclosure: my buy in 100USD was 90$ in late 2018 so I am def biased, but taking the available data and formulating a plan.... I'll hold on to this one and DCA for further upside potential.
PS: I am super skeptical of this market and the algo/sentiment analysis that is often portrayed, but thats me. so I have buy orders to cover #shorts in the high two fifty's. Very low leverage, still very profitable trade.
Godspeed.
BSB out.
Or is it (insert bullish scenario) ETH has had a masssssssive run! from 116 lows to consolidating 240-280 whooooooa! more that 100% into consolidation phase. Are we blind? Think Bulls are just going to let this shit go?!?!?! Don't buy the narrative, but maybe time to buy the asset. Turmoil in the global markets, and I heard it at least once that crypto/btc/eth are quickly becoming safe havens... Maybe its time to add to your long term position.
Honestly, dont think we see those SUB 150$ lows again for a looooooong while, maybe time to start adding this crypto to your long term portfolio.
Full Disclosure: my buy in 100USD was 90$ in late 2018 so I am def biased, but taking the available data and formulating a plan.... I'll hold on to this one and DCA for further upside potential.
PS: I am super skeptical of this market and the algo/sentiment analysis that is often portrayed, but thats me. so I have buy orders to cover #shorts in the high two fifty's. Very low leverage, still very profitable trade.
Godspeed.
BSB out.
After the trading action the past two days, continued to add on my short at 258... Right now hit first TP level, want to buy in 220... might hold off to see where this goes...