Market Check - 21st May
That's what you call euphoria :)
$ETH pumped massively yesterday due to news that the chances of a #ETHETFS approval have significantly increased.
Let's hope that this plays out well — otherwise, we will see a huuuuge dump.
Driven by the #Ethereum euphoria, the rest of the market turned bullish yesterday, too. $BTC reached 70k, and most #altcoins gained 5-10%.
Logically, the number of bullish trade signals on the daily and hourly charts has significantly increased.
When it comes to trading, there are two main challenges at the moment:
- Don't get too excited
- Find the tokens with the most upside potential in case we continue to pump.
I will post some trade signals later in the day.