Judging from my wave count we will all learn what a Real bull trap means soon.
Divergencies and the volatility of this week are characteristic of a B Wave, people will get wreck thinking we are going towards new ATH.
too much woohhh moment, many news about this pair it's also a representation of a bull trap.
Don't get me wrong i'm seriously bullish long-term on ETH but the due correction will come soon and it will be nasty, will take the price below 1200 usd, it will discourage many folks, that's when i will be long towards 4000 usd goal
Cheers
Divergencies and the volatility of this week are characteristic of a B Wave, people will get wreck thinking we are going towards new ATH.
too much woohhh moment, many news about this pair it's also a representation of a bull trap.
Don't get me wrong i'm seriously bullish long-term on ETH but the due correction will come soon and it will be nasty, will take the price below 1200 usd, it will discourage many folks, that's when i will be long towards 4000 usd goal
Cheers
Comment:
What if there's a 10-15% drop tomorrow (6th May) ?!