$ETH 'S WEEKLY CANDLE IS SO SAD, AREN'T YOU? 😖😖
Although it did not appear at the peak of the price increase, the pair of W candlesticks in the past 2 weeks of Ethereum created a pretty... boring pattern!
The green candle has a much smaller body, the red candle has a thick body, currently there is no wick at the bottom to show a bottom-catching force!
🤔There are about 3 days left until the weekly candle closes, hopefully there will be buying pressure, turning this Marubozu red candle into a more positive pattern!
If we look more broadly, from March until now $BTC BTC and ETH have actually only moved sideways in a wide range. This situation will make traders and long short margin feel extremely uncomfortable. In previous posts, many people shared that when entering an order, they were repeatedly bitten by stoploss at both ends, or the price moved a bit back to the entry level.
👉The sideways market leading to stopping loss will make you bitter, decide to let the order go, trade without bothering to wear a seat belt => eventually leading to burning your account when the market suddenly fluctuates strongly. 🥶🥶
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Regarding the developments of the Ethereum ETF market in the past 2 days, the cash flow of funds buying ETH ETF is currently positive at about 33 million USD. This number is not large, in return the trading volume on both days exceeded 1 billion USD. 💵
🤔I think this is the time you can optimize your portfolio and monitor DCA to pull down the average price of tokens that are swinging at their peak. Withdrawing spot capital to invest in margin or futures in the hope of getting to shore quickly will further reduce your capital.
In short, work to earn DCA money is the best strategy in the long term! Luck will not come to those who are impatient! 💪💪💪