Looking at the ethereum chart and it’s clear that a major correction has completed.
Problem is too many people think the bottom is in. Don’t get me wrong, a bottom is in but now the market is in a phase where short sellers are going to get their faces ripped off. The phase of the market where bears are late to the game.
I wouldn’t consider shorts until ethereum gets above $2000. There’s decent probability we are in the wave 3 of 5 of c of (x).
I’d stay long for the time being and if you use leverage, don’t use high leverage unless you can afford to lose that money.
Problem is too many people think the bottom is in. Don’t get me wrong, a bottom is in but now the market is in a phase where short sellers are going to get their faces ripped off. The phase of the market where bears are late to the game.
I wouldn’t consider shorts until ethereum gets above $2000. There’s decent probability we are in the wave 3 of 5 of c of (x).
I’d stay long for the time being and if you use leverage, don’t use high leverage unless you can afford to lose that money.
