I know it's just about sharing but since MAYBE is going to read this idea, I have to and say 'Hi' to you because that's just the way I work.
Haven't posted ideas since March but sometimes you have to know when to be quiet. To be clear: That's simply my opinion, whether you like it or not. There was simply too much noise in this space for my taste. Let's do an overlook from the last 16 month back to march 9th (476d) of 2020 where the ''crash'' occurred.
Ethereum for example surged up to $4380 for 1 ETH (kraken) down from around $89, that's about 4777.51% to be exact. I know, the 2017 run got us 6740.99% but with other fundamentals. Today we're facing way more awareness than 4 years ago. Cryptocurrency arrived mainstream. Also a lot of more regulation is coming ahead/going on right now. I just remember me and my wife wanted to cash out some bitcoin in my town (Germany) and experienced the removal from Shitcoin ATM's 2019 (as far as I can remember) and immediately got the impulse 'ok, regulation is fastening'. More adoption, of course, equals more regulation/restriction and so on. Currently a lot of book keeping literature is being released more and more. CoVid is cooling down, more choice, vacation, economy opening their gates and average gets the feeling of optimism. I personally do not think that we're done since we're living in capitalism and money is not made in one simple move when you recognize; 'why not do it twice #delta'. So right now my overall bias stays neutral until further public statements. If we're going back to full lockdown I guess the printer goes brrrr again and the final wave 5 gets his necessary fuel it needs. If not, we're simply facing more and more restrictions ( digital vaccination certificate, digital ID..) and the bear market continues.
Short term: ETH is showing a clear blow-off top on the monthly chart, followed with an indecision candle. Huge fight between buyer and seller. It is not uncommon that some are (or have already included myself) taking some profits. Smart money made a lot of profit. What goes up, always comes down too. In my opinion it is not unlikely that we, at least, touch the 20MA on the M (0.786 fib level) at $1269 per ETH.
That is me for today. Let me know in the comments below what you guys think. Keep in mind: This is not financiald advice and just my opinion.
Haven't posted ideas since March but sometimes you have to know when to be quiet. To be clear: That's simply my opinion, whether you like it or not. There was simply too much noise in this space for my taste. Let's do an overlook from the last 16 month back to march 9th (476d) of 2020 where the ''crash'' occurred.
Ethereum for example surged up to $4380 for 1 ETH (kraken) down from around $89, that's about 4777.51% to be exact. I know, the 2017 run got us 6740.99% but with other fundamentals. Today we're facing way more awareness than 4 years ago. Cryptocurrency arrived mainstream. Also a lot of more regulation is coming ahead/going on right now. I just remember me and my wife wanted to cash out some bitcoin in my town (Germany) and experienced the removal from Shitcoin ATM's 2019 (as far as I can remember) and immediately got the impulse 'ok, regulation is fastening'. More adoption, of course, equals more regulation/restriction and so on. Currently a lot of book keeping literature is being released more and more. CoVid is cooling down, more choice, vacation, economy opening their gates and average gets the feeling of optimism. I personally do not think that we're done since we're living in capitalism and money is not made in one simple move when you recognize; 'why not do it twice #delta'. So right now my overall bias stays neutral until further public statements. If we're going back to full lockdown I guess the printer goes brrrr again and the final wave 5 gets his necessary fuel it needs. If not, we're simply facing more and more restrictions ( digital vaccination certificate, digital ID..) and the bear market continues.
Short term: ETH is showing a clear blow-off top on the monthly chart, followed with an indecision candle. Huge fight between buyer and seller. It is not uncommon that some are (or have already included myself) taking some profits. Smart money made a lot of profit. What goes up, always comes down too. In my opinion it is not unlikely that we, at least, touch the 20MA on the M (0.786 fib level) at $1269 per ETH.
That is me for today. Let me know in the comments below what you guys think. Keep in mind: This is not financiald advice and just my opinion.