The Chart Pattern On Ethereum Everyone Is Looking At

Right now I think everyone sees the same thing: A big ole wedge setting up on ETHUSD...now I hate to burst your bubble, but I don't think it's ready to head higher just yet. As we speak Ethereum, Bitcoin and the rest of the market after a rather quiet day has started to sell into the last hour of the session. We're at a pretty key decision point here in the markets and with multiple Squeezes coiled with Bearish momentum, I wouldn't be surprised if the bull's bubble's are burst yet again.

Kommentar:

Well...that was fast! The move I discussed yesterday has already started to play out. Overnight (where the most of the action has been happening as of late) Ethereum and the rest of the market got pounded. When you start to become aware of the herd mentality in trading, you learn to question a direction when everyone is calling for it. I'm as ready as anyone for bulls take back over, but I don't think we're there yet