$BTC over ? $ETH etf gets accepted ? FOMO ? Let's dive in.

21 Mei

BTC review.

There are a lot of versions about what is happening and thanks to their observation we can guess how the majority thinks now and what decisions they make.

Let's answer honestly to each other, where the whole market was waiting for the purchase of alts ? Let me guess, the 52-55k level for bitcoin.... Everyone was shouting so loudly about it, that the price will definitely come there, that only one memory came to my mind, when in the summer-autumn of 2023, everyone was waiting for another correction to 35k per BTC. Therefore, I immediately said, such price may simply not be given, and if it is, it will be dropped much deeper.

👇 Now let's go back to what we have now:

- The 68k hike was very easy, and apparently all the shorts got punished yesterday for using their lavergae.

- Bloomberg raised the ETF adoption rate from 25% to 75% in one post, giving ETH a dildo I don't recall in my memory.

- The upside potential has been worked out too, not counting the head and shoulders potential at 73-74k.

So what am I waiting for now?
For ease of understanding, I always mark probable scenarios with arrows, so read the chart carefully.

The nearest major discount we have is at the EQ level, which I think is a good place to go to test before flying to the expected Ace.

❌But as far as ATH is concerned, we can't ignore the scenario of throwing the price further upwards gathering liquidity behind the bitcoin high's, and only after giving the expected correction.

🦦 I hope we have been adding alts to the portfolio and ether for the last month, and everything that is happening now should not scare you and make you fomo. As I wrote in the last post, a fast and powerful rise is a very double story, after which you can expect a fall with similar strength.

🚩 Look at the big picture, keep your head up and take your risks.