ETHUSD: Beware Ppl, Don't get Wreck
Hi All,
Pay attention to the Chart Ppl
ETHUSD has been pumping for fundamental reasons, i.e., Fork.
We however, have been in a bear market now for well over one year and their maybe more to come.
A Fork for an increase in transactional throughput to 2x-50x for ETHUSD Is not a catalyst for the amount of pump this Coin has seen this past 20 days. Unless BTC bottom, we should all view this for what it really is and that's a pump and dump.
I write this hoping someone see what is on the chart, because this is by no means an opinion.
And for that reason, fully aware I could be wrong. Keep in mind the trend is your friend until it's not.
Only then should our stances change. This is by no means financial advise, nor I’m I telling anyone to short.
All I am asking you all to do is to look at the chart without any Biases or Opinions. Let's be subjective.
Being a trader means knowing when to say okay, I am going to sit on the sideline and await confirmation.
It Doesn't meanChasing a rabbit i.e. Chasing trades.
It is perfectly okay not to trade If the chart is showing us Neutral.
I have been on the sideline now for a while.
If you believe in ETH Don't trade just DCA and accumulate your possession.
Hope this help someone out there....
Pay attention to the Chart Ppl
ETHUSD has been pumping for fundamental reasons, i.e., Fork.
We however, have been in a bear market now for well over one year and their maybe more to come.
A Fork for an increase in transactional throughput to 2x-50x for ETHUSD Is not a catalyst for the amount of pump this Coin has seen this past 20 days. Unless BTC bottom, we should all view this for what it really is and that's a pump and dump.
I write this hoping someone see what is on the chart, because this is by no means an opinion.
And for that reason, fully aware I could be wrong. Keep in mind the trend is your friend until it's not.
Only then should our stances change. This is by no means financial advise, nor I’m I telling anyone to short.
All I am asking you all to do is to look at the chart without any Biases or Opinions. Let's be subjective.
Being a trader means knowing when to say okay, I am going to sit on the sideline and await confirmation.
It Doesn't meanChasing a rabbit i.e. Chasing trades.
It is perfectly okay not to trade If the chart is showing us Neutral.
I have been on the sideline now for a while.
If you believe in ETH Don't trade just DCA and accumulate your possession.
Hope this help someone out there....
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.