11.17 Ethereum Market Reminder
The collapse of Bitcoin is imminent, and it may be even more horrible than that of May 19, and may even be close to 1,000.
The long and short data that I showed you yesterday have increased again today. The greed index of retail investors in the standard market has reached 91, but the greed index of retail investors for Bitcoin has reached 95, which has never appeared in the crypto market so far. The greed index of a currency can actually exceed the greed index of the market, which is equivalent to the average holding time of longs has been increasing. The holding data of longs has been higher than 80% since 2,700. The longs should have been cleared directly after the waterfall, but they did not.
At present, after Bitcoin reached 93,000, some of the original Bitcoin holders abandoned Bitcoin to hold Bitcoin, but the original long holders of Bitcoin did not decrease, but continued to increase and continue to be greedy, because they believed that Bitcoin would rise above 5,200.
The subsequent Ethereum will most likely be a "complete flash crash"
Pay attention to the 3260 position we mentioned yesterday. If it touches this position, you must add positions. After falling below 3000 and rebounding to around 3080, you must also add positions.
The above content belongs to the views of Golden Turtle Speculators and is for reference only. Do not take it as investment advice.
