Warning, this is highly speculative!
Ethereum faced a gruesome decline since the peak of around 4000 back in december, reaching a bottom of ~$1400
Then, in may, we had a huge rally, boasting a nearly 100% bounce from bottom to top.
Now, this fact alone has many people holding off on buying short term, as they feel a drop could be just around the corner, however, i think for this exact reason, aswell as an inbound risk-on environment, it will continue the rally, and much faster and for much longer than anticipated, creating that FOMO wave people seem so desperate to try and catch.
The whole reason you end up with the feeling of FOMO, is because your past decisions seem stupid in hindsight, and recent price action makes it seem obvious.
Well let me tell you, its NOT obvious, and that is precisely why it runs and creates that FOMO wave.
Price targets are irrelevant, focus on recognizing when greed runs amok, and take profits accordingly.
EOY Would be an obvious point at which selling heavy might be smart, but then again, its never obvious... Goodluck!
Ethereum faced a gruesome decline since the peak of around 4000 back in december, reaching a bottom of ~$1400
Then, in may, we had a huge rally, boasting a nearly 100% bounce from bottom to top.
Now, this fact alone has many people holding off on buying short term, as they feel a drop could be just around the corner, however, i think for this exact reason, aswell as an inbound risk-on environment, it will continue the rally, and much faster and for much longer than anticipated, creating that FOMO wave people seem so desperate to try and catch.
The whole reason you end up with the feeling of FOMO, is because your past decisions seem stupid in hindsight, and recent price action makes it seem obvious.
Well let me tell you, its NOT obvious, and that is precisely why it runs and creates that FOMO wave.
Price targets are irrelevant, focus on recognizing when greed runs amok, and take profits accordingly.
EOY Would be an obvious point at which selling heavy might be smart, but then again, its never obvious... Goodluck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.