Disclosure: bullish on bitcoin, xrp, ethusd there is a bearish flag in place, but hasn't reached the apex, imho I'm looking for this to breakdown by Mid june, a month after bitcoin halving conclusion. Just chart deserves a short, not the actually Ethusd, bitcoin or any other alts imho. Please do your own due diligence.
Too many new longs trying to make some money back on the bounce. Very easy for the whales to squeeze this and they probably will. BTC doesn't seem to have the same issue at present with longs to shorts at a fairly low rate so could see just an ETH tear down.
I don't really trade crypto for a while now just because of it's very hard to tell if it will go up or down in the short term. Since I bought my crypto many years ago I don't really care.
But it is still interesting to see what this market does. I am reading many ideas on the TradingView platform. People think to know whats going to happen and their ideas are more...