Hey everyone, Let's take a look at Eth in this Bearish time that we live in.
So what's happening with Ethereum? We don't hear about it anymore!? Well maybe it's because it lost nearly 70% in value from its ATO. Welp... If you think ETH is done dropping then you are most likely wrong. Eth is not looking healthy AT ALL. If we look at the volume we can CLEARLY see how much in control the sellers are. Look at all those massive Red spike vs all the small greens lines. This is a CLEAR visualization of who's in control, there's no denying in that. Now looking at the graph, Eth is currently at 470$ and there is really no tangible floor until 418$ where it could bounce. Even the 418-366 floor is very weak.
The above leads me to one of the oldest fundamental/TA strategy with Eth and its to look at Bitcoin itself. Ethereum is almost always following Bitcoin movement. Most coins are, but especially Eth and Bitcoin is not looking hot AT ALL right now. (Check the related ideas under this post to see my point of view on Bitcoin, I highly recommend it, it could/should save your THOUSANDS of dollars!).
TL:DR: Eth is heading to Sub 400$ and at that point we can look at the possibility of going long on it ONLY if Bitcoin looks promising otherwise hide your kids, hide your wife because DOOMLORD BIG DADDY BITCOIN is gonna annihilated everything!
Who's Becky? What's her background? I am a crypto enthusiast and have been since early 2015. I have already made millions in the crypto world and am financially set for the rest of my life. I recently decided to start helping other people get rich. I like helping people, it makes me feel good. What can I say? I LOVE feeling good ;) . Let's share the journey together! Follow me on Tradingview/Telegram <3
So what's happening with Ethereum? We don't hear about it anymore!? Well maybe it's because it lost nearly 70% in value from its ATO. Welp... If you think ETH is done dropping then you are most likely wrong. Eth is not looking healthy AT ALL. If we look at the volume we can CLEARLY see how much in control the sellers are. Look at all those massive Red spike vs all the small greens lines. This is a CLEAR visualization of who's in control, there's no denying in that. Now looking at the graph, Eth is currently at 470$ and there is really no tangible floor until 418$ where it could bounce. Even the 418-366 floor is very weak.
The above leads me to one of the oldest fundamental/TA strategy with Eth and its to look at Bitcoin itself. Ethereum is almost always following Bitcoin movement. Most coins are, but especially Eth and Bitcoin is not looking hot AT ALL right now. (Check the related ideas under this post to see my point of view on Bitcoin, I highly recommend it, it could/should save your THOUSANDS of dollars!).
TL:DR: Eth is heading to Sub 400$ and at that point we can look at the possibility of going long on it ONLY if Bitcoin looks promising otherwise hide your kids, hide your wife because DOOMLORD BIG DADDY BITCOIN is gonna annihilated everything!
Who's Becky? What's her background? I am a crypto enthusiast and have been since early 2015. I have already made millions in the crypto world and am financially set for the rest of my life. I recently decided to start helping other people get rich. I like helping people, it makes me feel good. What can I say? I LOVE feeling good ;) . Let's share the journey together! Follow me on Tradingview/Telegram <3
