DataMoney strikes again! Will ETH hit a new ATH?
Hello everyone!
The early access DataMoney community already know that good old Mr. DataMoney is taking some time off. Sometimes life happens and we need our time off.
That being said - I am flattered, shocked and honoured by everyone writing to me. It is great to read your messages and see that soo many of you love this content and genuinely missed me. Thanks again!
Now, a quick catch-up:
- Bulls market in full throttle.
- ETH hit a few new ATH's in the last few days
- Cryptos forever making more money!?
Speculation:
Why is this all happening? Surely many of you will have a variety of opinions. Please feel free to drop a comment down below if I have missed any massive market event. At a high level, all stocks and crypto should be going down. Uncle Sam is busy with the money printer and M1 should be sending the majority of world economies into hyperinflation. But it isn't! Weirdly enough, a lot of the wealthier world just have a lot of money that they are not spending on fine dining, showing off, luxury entertainment and travelling the world. It seems that one way or another, all of that including the variety of stimulus packages end up in financial markets! Now, this is not the place to discuss whether that's right or wrong, but the number does raise eyebrows 👀 At the moment it seems that people buy and buy in large amounts regardless of the price. A crazy speculator would say that the price will keep rising until the Covid restrictions would end and all the new billionaires would want to dust off (or buy) their jets and yachts sending BTC and ETH at least 50% down together with all the small-time investors 😈
Back to business:
There are some speculations that both BTC and ETH have formed H in H&S pattern and mid-March scenario is repeating itself. It would be reasonable to expect a 20% correction in the next week or so.
Today's technicals:
Position is short
Forecasted highs at ETH $2220 and $2260
Mid-way point at $2120
Forecasted lows at $2100 and $2050
Have fun trading! 🤑
For the next month or two, there will be fewer DataMoney posts here on TradingView. However, if you have early access invite, DataMoney community remain active and members continue to actively post and collaborating ideas!
If you would like to get an early access invite, drop a link to your favourite DataMoney post in the comments down below!
The early access DataMoney community already know that good old Mr. DataMoney is taking some time off. Sometimes life happens and we need our time off.
That being said - I am flattered, shocked and honoured by everyone writing to me. It is great to read your messages and see that soo many of you love this content and genuinely missed me. Thanks again!
Now, a quick catch-up:
- Bulls market in full throttle.
- ETH hit a few new ATH's in the last few days
- Cryptos forever making more money!?
Speculation:
Why is this all happening? Surely many of you will have a variety of opinions. Please feel free to drop a comment down below if I have missed any massive market event. At a high level, all stocks and crypto should be going down. Uncle Sam is busy with the money printer and M1 should be sending the majority of world economies into hyperinflation. But it isn't! Weirdly enough, a lot of the wealthier world just have a lot of money that they are not spending on fine dining, showing off, luxury entertainment and travelling the world. It seems that one way or another, all of that including the variety of stimulus packages end up in financial markets! Now, this is not the place to discuss whether that's right or wrong, but the number does raise eyebrows 👀 At the moment it seems that people buy and buy in large amounts regardless of the price. A crazy speculator would say that the price will keep rising until the Covid restrictions would end and all the new billionaires would want to dust off (or buy) their jets and yachts sending BTC and ETH at least 50% down together with all the small-time investors 😈
Back to business:
There are some speculations that both BTC and ETH have formed H in H&S pattern and mid-March scenario is repeating itself. It would be reasonable to expect a 20% correction in the next week or so.
Today's technicals:
Position is short
Forecasted highs at ETH $2220 and $2260
Mid-way point at $2120
Forecasted lows at $2100 and $2050
Have fun trading! 🤑
For the next month or two, there will be fewer DataMoney posts here on TradingView. However, if you have early access invite, DataMoney community remain active and members continue to actively post and collaborating ideas!
If you would like to get an early access invite, drop a link to your favourite DataMoney post in the comments down below!
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.