You Should Have Only Been Looking To Short ETH Since Dec 2021
Traders!!!!! You have to give more love to your higher timeframe charts in order to see the full picture.
As with a lot of crypto tickers, they have the same type of pattern brewing here.
What you see here is a bear leg down, a 2 month reversal and then a 2nd bear leg down, which now has been selling off for 2 months now.
From a longterm POV, I don't see a clean entry to go long while we are in the midst of this 2nd bear leg.
However, there is always some type of buy setup on a the smaller timeframes.
Day Traders & Scalpers will do what they do. It's the investors who should be seriously hedging their portfolio!!
As with a lot of crypto tickers, they have the same type of pattern brewing here.
What you see here is a bear leg down, a 2 month reversal and then a 2nd bear leg down, which now has been selling off for 2 months now.
From a longterm POV, I don't see a clean entry to go long while we are in the midst of this 2nd bear leg.
However, there is always some type of buy setup on a the smaller timeframes.
Day Traders & Scalpers will do what they do. It's the investors who should be seriously hedging their portfolio!!