It is very important to update my views on the market‼ I am analyzing it as soon as possible‼
In the previous analysis, we took short positions on ETH at the point of 4086 and then buy in at the point of 2888 in this plunge, and then we estimated that those bulls will suffer a huge losses at the lowest point of was 2888, right? Then we opened the long positions at the point of 2888 and we believed that after a rebound at 2888 it will rose to 3369, and then it will hit a new low near the point of 2688. However, I found that the market situation may no longer encounter a falling to 2688 with the strengthening of the ETH/BTC exchange rate, but it will surge when encounters double bottoms near 2828, which is also the position when the Fibonacci retracement retraces 0.786 since the start of this bull market in ETH. Therefore, if ETH cannot fall to the new low of 2688 in the next two days, then ETH can be regarded as a double bottoms at 2828, waiting for the next surge. This is why I have not updated the article today. I am carefully confirming the general direction of this market trend‼ #BTC #BinanceLaunchpool #altcoins