2022/1/21 [ETH] Best buy-point will appear!
Updated
2022/1/21 [ETH] Best buy-point will appear!
ETHUSD
BTCUSD
The condition of market is still healthy, and the ETH exchange reserve continues to decline, best buy-point will appear.
See the CryptoQuant (ETH reserve) chart that I mapped:
upload.cc/i1/2022/01/21/SfI7hY.png
The market is in the process of long-squeeze, and this long-squeeze is stronger than other cases (2020/3, 2020/9, 2021/5-7), in order to drive out the retail investors.
Generally, the order of strong bulls attack (ETH price may up to new high) including 5 steps:
1. KD indicator (1D) <30 more than 3 days, price keep falling down and retail investors are panic. Market makers do the upward crash, that is market makers wash the retail investors who with less confidence will sell out and leave the market.
2. KD 20 -> KD50. Market makers just completed the upward crash and price started to rise. At this time, most retail investors open the short position, that means the fuel of short-squeeze is enough. Hence, short squeeze will start in the short term.
3. KD 50 -> KD70-80, and KD>70 more than 3days. Market makers carry out the strong short-squeeze (bullish), and price rise rapidly. The fuel of short-squeeze decreasing as price rising.
4. KD70-80 -> KD50. Market makers completed the short-squeeze and most retail investors start to open the long position. Therefore, the price correction will happen in the short term because the fuel of short-squeeze is not enough.
5. KD50 -> KD70-80 again. Two line of KD indicator formed golden fork and KD up to 70-80 more than 3 days again (short-squeeze). Volume and price increase simultaneously, and most retail investors start to open the short position. At this moment, the next bull market is coming, time to appreciate the performance of market makers (whales).
Wonderful performance may be coming! Good luck!
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As an analyst, I think that I can't predict the direction of market, but I am ready for a strategy of bullish or bearish .
Analyst of cryptocurrency Yu-Shiuan Chen
ETHUSDBTCUSDThe condition of market is still healthy, and the ETH exchange reserve continues to decline, best buy-point will appear.
See the CryptoQuant (ETH reserve) chart that I mapped:
upload.cc/i1/2022/01/21/SfI7hY.png
The market is in the process of long-squeeze, and this long-squeeze is stronger than other cases (2020/3, 2020/9, 2021/5-7), in order to drive out the retail investors.
Generally, the order of strong bulls attack (ETH price may up to new high) including 5 steps:
1. KD indicator (1D) <30 more than 3 days, price keep falling down and retail investors are panic. Market makers do the upward crash, that is market makers wash the retail investors who with less confidence will sell out and leave the market.
2. KD 20 -> KD50. Market makers just completed the upward crash and price started to rise. At this time, most retail investors open the short position, that means the fuel of short-squeeze is enough. Hence, short squeeze will start in the short term.
3. KD 50 -> KD70-80, and KD>70 more than 3days. Market makers carry out the strong short-squeeze (bullish), and price rise rapidly. The fuel of short-squeeze decreasing as price rising.
4. KD70-80 -> KD50. Market makers completed the short-squeeze and most retail investors start to open the long position. Therefore, the price correction will happen in the short term because the fuel of short-squeeze is not enough.
5. KD50 -> KD70-80 again. Two line of KD indicator formed golden fork and KD up to 70-80 more than 3 days again (short-squeeze). Volume and price increase simultaneously, and most retail investors start to open the short position. At this moment, the next bull market is coming, time to appreciate the performance of market makers (whales).
Wonderful performance may be coming! Good luck!
----------------------------------
As an analyst, I think that I can't predict the direction of market, but I am ready for a strategy of bullish or bearish .
Analyst of cryptocurrency Yu-Shiuan Chen
Note
1/21:See the CryptoQuant (ETH reserve) chart that I mapped:
upload.cc/i1/2022/01/21/SfI7hY.png
Note
1/22:Buy the dip ETH 2300-2800-3350$
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