Point 1. As you can see the overall general trend since November has not actually broken yet. The original resistance level of $1400 a month ago has thus far been strong in support and hasn't broken through either just yet.
Point 2. The 90 day MA is at a respectable $1200 right now and the 20 day MA has not crossed it yet.
Point 3. RSI is looking healthy.
Point 4. Both Bitcoin and Ethereum are holding up nicely in the 46k-50k and 1400-1600 ranges for about a week or two. IMO this is a healthy sign. Even if Ethereum drops to $1200 in the short term, this would be a suitable and stable price for a steady growth in the long term.
I know that the last couple of months have been exciting. We can all get ahead of ourselves sometimes and mania can set in, but it helps to look at the bigger picture to remind ourselves of what's really going on from time to time. The prices we've seen have been great but they were also way over extended, so a pull back was not only to be expected, but it also a good thing for the long term.
HODL until the fat lady sings, don't fall into the trap of panic selling or FOMO, and be sensible :)
Point 2. The 90 day MA is at a respectable $1200 right now and the 20 day MA has not crossed it yet.
Point 3. RSI is looking healthy.
Point 4. Both Bitcoin and Ethereum are holding up nicely in the 46k-50k and 1400-1600 ranges for about a week or two. IMO this is a healthy sign. Even if Ethereum drops to $1200 in the short term, this would be a suitable and stable price for a steady growth in the long term.
I know that the last couple of months have been exciting. We can all get ahead of ourselves sometimes and mania can set in, but it helps to look at the bigger picture to remind ourselves of what's really going on from time to time. The prices we've seen have been great but they were also way over extended, so a pull back was not only to be expected, but it also a good thing for the long term.
HODL until the fat lady sings, don't fall into the trap of panic selling or FOMO, and be sensible :)