If Ethereum closes like this on the daily chart, it probably won't go down much further... I've often said before that if there are three consecutive horizontal spikes at the top, commonly known as the "three incense sticks" pattern, it's a sign of a market crash. But if you look at it the other way around, it's a sign of a bottoming out and an upward surge. Right now, the market is in a frenzy, altcoins are rising wildly, while Ethereum and Bitcoin are falling, some altcoins haven't fallen much at all. I even went long on FIL at 1.653, and after selling all my holdings at an average price of 2.55, I just went back in at 2.95. It can still rise to 3.8? I'm really confused…🙃 This situation is a bit scary. It's very similar to when I entered the market in April 2021. Back then, I traded contracts. As long as I could hold on during a downturn, I would profit by simply going long. It made you feel like you could make money so easily. When you feel like making money is so easy, you should be aware of the risks. This isn't normal. It feels like the calm before the storm. Given that context, a month later, the massive market crash of May 19, 2021, occurred. What are your thoughts on the current situation?
Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorldNet (币界网). CoinWorldNet does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
No Comments
edit
comment
collection36
like49
share