$ETH - BULLS ARE IN CONTROL BUT FOR HOW LONG?!

14 Ogo 2022

ETH - BULLS ARE IN CONTROL BUT FOR HOW LONG?!

ETH Great pair it has been with strong fundamentals as we get closer to Merge and various other factors such as the use case of ETH is far strong than BTC. It's like comparing Gold with Silver, Silver you can use that in various other components where as Gold, it's more of storage value not much use case. It's same view I have (IMO) on BTC vs ETH. BTC use case very minimum compared to ETH there are various investment institutions building exchanges and various other mind blowing projects out there which makes sense to me on ETH, now technically we can even go step further and compare the chart of ETH/BTC as you can see through Trading view previous posts. We could even now take in fundamentals this week US retail sales etc the market has been moving regarding cryptos with data that comes out as well.

However, as far as I am bullish brought at lows of 1.2k Longer term positioning for me is key. I don't trade cryptos for shorter term movement but I also know traders that do and you can make capital out of shorter term trades when it comes to cryptos! For now we are at 2k technically within channel resistance is near 2.3-2.5k I think we will reach there but I'd love a pull back towards 1.5/1.7 areas to get in further. However, even if we don't get pull back at this moment of time I am not going to chase it I am happy with areas I have brought and have no worries and yes there will be FOMO a lot of it at these levels. I'd advise to be careful don't get into the FOMO. There are always trade opportunities even if we go above resistance of 2.5k could be good opportunities to see where it pull backs and then get in long at suitable level OR you could even short it. Whatever suits your OWN trade plan is key and ignore the outside noise you will always hear.

Have a great week ahead,

TJ