CAUTION! - The Market is TOO OPTIMISTIC - FALL IS SOON - ETH
I see that nearly everyone has turned bullish which is really scary, seeing greedy people everywhere.
This greed is not good for the market. To be honest, I don't want the market to continue in the bear cycle, yes, you heard it right. I would much prefer a bull market where - this time! - I know where to exit so I will earn a lot and work from a beach drinking my cocktail next time.
However, I have to stay calm, try to be objective. I still don't see enough signs for the bull market. If we turn bull, it will not be a huge loss for me, I will enter back the cryptos from %10 - %20 more expensive but again I will have huge bull gains.
Risk / Reward is much more important for me. I want to sleep peacefully, without anxiety, this is just who I am...
Anyway...
ETH is performing the most beautiful ABC correction in cryptos.
To be honest I really do love ethereum, the charts are really neat, it does not stop you out like EOS.
So when we consider the big green ABC, we see that it is a perfect 1:1 wave with a perfect time correlation
time:
A + B = 0.618 * C
price:
A = C = B / 0.786
There is still room for the fake pumps however I don't find it likely to go above 220 - 230 usd's.
This greed is not good for the market. To be honest, I don't want the market to continue in the bear cycle, yes, you heard it right. I would much prefer a bull market where - this time! - I know where to exit so I will earn a lot and work from a beach drinking my cocktail next time.
However, I have to stay calm, try to be objective. I still don't see enough signs for the bull market. If we turn bull, it will not be a huge loss for me, I will enter back the cryptos from %10 - %20 more expensive but again I will have huge bull gains.
Risk / Reward is much more important for me. I want to sleep peacefully, without anxiety, this is just who I am...
Anyway...
ETH is performing the most beautiful ABC correction in cryptos.
To be honest I really do love ethereum, the charts are really neat, it does not stop you out like EOS.
So when we consider the big green ABC, we see that it is a perfect 1:1 wave with a perfect time correlation
time:
A + B = 0.618 * C
price:
A = C = B / 0.786
There is still room for the fake pumps however I don't find it likely to go above 220 - 230 usd's.
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