Reason is simple:
2020 United States presidential election Pump
See you 2021.
And at 2025 I will publish my accomplishment on
Thank you guys!
Why is this very possible?
A. Funding Fee
The funding fee is telling us the long vs short story behind it. When you check it before the 6k dump, it's positive, then 6k sub all negative. Now it's coming back from negative to positive. This is the message that no one is willing to short in here anymore. Why? Because either this is the biggest bull trap in the world...
ETH is almost touching the bottom.
Personally thinking it's time to BTFD.
My reason is very simple, for the big whales to gain profit in the market, they need to perform these processes(quote from god.pdf, sharing by @clown):
1) Position Building
2) Suppressing prices
3) Test Pump
4) Actual Pump
6) Re-allocation and distribution
7) Exiting - The...
From the trend line I can tell that there are two possible reversal spots in here, one is current top, the other is the uptrend channel top, we'll see which one will be our reversal spot. Happy trading :P
I will keep updating further for this.
If we break the 150 with high volume, we have highly possible to reach the 220 area in the end before the real reversal, if this happens, it will mark the real bull trend is coming.
For now, I am still holding my shorts, once it cross 150, I will flip my position for a huge leg up, happy trading :P
fine! this is the fifth time I flip my position in a week!
The reason is that the market sentiment already changed too much and I have to trade with the price action.
The sentiment is turning from bear -> bull, it cause very very choppy movement in the market.
Since the EMA is holding, I will long and see the shorts getting squeezed.
be careful about this pattern in with ascending triangle. just longed and insert a tight stop loss. I am trying to catch the breka out, already cost me 8% loss by doing this... but the last shoot out will gain all of them back, so I didn't worry about that at all.