Bitcoin is up 18% as almost all altcoins correlate with bitcoin, taking all other coins with them, Ethereum is no exception, it is up more than 10%. And it is now trading near the key $2,382 level.
There are potentially 2 possible scenarios: - The first scenario - the price breaks the $2.382 level, makes a false break, and goes down. - The second scenario is that the price squeezes near the upper boundary of the key level, breaks it, retests the key level as support, and goes higher.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Thank you Yuriy! Top! See it exact the same way! This act shows ones again the huge market manipulation. Price goes up on the daily with hout volume then a burst. So if this happens it can be the other way around also. Personally I am also taking no position right now. First need to see how this continues. very often patience is the key in trading instead of following blindly. Fomo not needed because it doesnt matter where the market is, profits can be made on the way up and the way down.
There is one important thing in what happened. That is the unlimited printing of trillions of Dollars and Euro's. A huge part of this is not for the companies but it is indirectly injected in the stockmarket. Look at the whole Covid crisis with huge debt made by gouvernments and companies and the end is not there yet at all with new variants coming. Still the stockmarket made an all time high! Well the reason it is done with printed money. A part also goes into other constructions and from there in the crypto market.
I see no crash in the stockmarket while the unlimited printing of money continues as it is already happening for so many years.
Yuriy_Bishko
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@Ether2020, Interesting thoughts in many ways I agree with you
maxsterlyyy
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Hi there, whats the VPVR indicator you're using? Is it you own, or can I find it in the indicators library? looks very clean.
There is one important thing in what happened. That is the unlimited printing of trillions of Dollars and Euro's. A huge part of this is not for the companies but it is indirectly injected in the stockmarket. Look at the whole Covid crisis with huge debt made by gouvernments and companies and the end is not there yet at all with new variants coming. Still the stockmarket made an all time high! Well the reason it is done with printed money. A part also goes into other constructions and from there in the crypto market.
I see no crash in the stockmarket while the unlimited printing of money continues as it is already happening for so many years.