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TradingAlchemist
Jun 2, 2020 12:41 PM

ETHUSD Long

Ethereum / U.S. DollarGemini

Description

Hi guys! We continue a strong uptrend. Fixed above a small local support level of $ 250. I suppose the movement to the middle of the rising channel.
Comments
CryptoCoin99
Yesterday you said it will go down, today you changed your mind, it will go up. Sorry but i don’t understand your strategy!
SirBaggzy
@CryptoCoin99, The main value of TA in Crpyto is for Whales to know the best times to Pump or Dump to get all of our small fish money that we use TA to buy/stop loss. If TA lines up perfectly to suggest a BUY across the board if a particular resistance is broken -> Whales will slightly pump to break the Resistance-> Allow small fish to go all in in hopes of moon shot -> only to DUMP on everybody shortly thereafter. If you trade purely based on TA and don'y think you're gambling - you're kidding yourself. The ENTIRE crypto space is 100% manipulating by the Wealthy/Powerful (as is everything else). It's just more dangerous in Crypto because it's not regulated as much as other areas yet.
CryptoCoin99
@millinerj12, i understand that and I know it's true, but i am following this topics to make myself an idea what it will happen. If everyone is going for long I will buy some or viceversa. I saw good tips from tradingalchimist but in the last week he was complety on the opposite way :(
lnico11
Nailed the second support though. 225
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