“Be fearful when others are greedy, and greedy when others are fearful.” - Warren Buffett
Shorts are closing out on BTC & ETH. We are seeing RSI at extremely low points, historically speaking, for most crypto assets. If you look back at the history of BTC you will see dips. Some so long they are considered "bear markets" or "crypto winters". Personally, I think crypto has evolved beyond those phases. When we see downtrends, I expect them to last less and less time going forward. This is due to a combination of factors such as institutional investors cost averaging down, retail investors hoping for a moonshot and the adoption of blockchain technology though out several sectors (public and private). Before, when we crashed nobody was there to buy it up. Today is a different story and the charts back it up.
AAVE is going to pop back up, right around the $200 mark. Set your TP & SL accordingly. Let's ride the wave!
Shorts are closing out on BTC & ETH. We are seeing RSI at extremely low points, historically speaking, for most crypto assets. If you look back at the history of BTC you will see dips. Some so long they are considered "bear markets" or "crypto winters". Personally, I think crypto has evolved beyond those phases. When we see downtrends, I expect them to last less and less time going forward. This is due to a combination of factors such as institutional investors cost averaging down, retail investors hoping for a moonshot and the adoption of blockchain technology though out several sectors (public and private). Before, when we crashed nobody was there to buy it up. Today is a different story and the charts back it up.
AAVE is going to pop back up, right around the $200 mark. Set your TP & SL accordingly. Let's ride the wave!