Since the target of the “Ethereum to $2k” idea was achieved there’s been a lot of messages asking, what’s happening? As price action collapses the tensions rise. Two things occurred:
1) The majority asking the question do not have a strategy. You will always lose money without one.
2) The majority asking this question do NOT have a strategy. Now I realised I’ve repeated myself but it is such a huge fundamental point I thought it was worth mentioning twice.
On current price action…
For the bulls. You do not want to see a weekly close below $1420. IF that happens, if a candle body closes at this level, it is months and months of downtrend towards $1000
1) The majority asking the question do not have a strategy. You will always lose money without one.
2) The majority asking this question do NOT have a strategy. Now I realised I’ve repeated myself but it is such a huge fundamental point I thought it was worth mentioning twice.
On current price action…
For the bulls. You do not want to see a weekly close below $1420. IF that happens, if a candle body closes at this level, it is months and months of downtrend towards $1000