Is it really a bull market?
Or is it just to lure more retail investors to join in
So that the big players can harvest more?
Evening thoughts:
Looking back at the past two days, Bitcoin and Ethereum have been one primarily exploding short positions and the other primarily exploding long positions.
However, today Bitcoin had a significant surge while Ethereum barely moved.
By evening, Ethereum had a massive surge again, wiping out all shorts.
So is it the big players washing out positions to offload or is the bull market really here? Since we can't counter it, we might as well join in.
In terms of strategy, we will focus on going long on retracements and shorting at high points!
Bitcoin strategy: Go long near 96500/96800, targeting 98200/98800, if broken, look directly at 100000.
Ethereum strategy: Go long near 3330/3345, targeting 3390/3420, if broken, target 3500.
As a seasoned cryptocurrency investor, I’m happy to share my experiences and insights. Interested in the crypto space but don’t know where to start? Follow me and check my profile; I’ll guide you to achieve freedom in this bull market.