金龟游资-九哥
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Bearish
Why are we steadfastly looking at the collapse of Ethereum?
1. Analysis from Naked K Formations
The daily level of Ethereum has shown a "Three Rising, Three Falling" pattern, with a high-level test of "Left One, Left Two, Left Three". We won't go into detail on Left One and Left Two, as seasoned investors should already know about them, while new investors can look up relevant information themselves. Now, regarding the "Three Rising + Three Falling" formation, this is an unconventional "Top Downpour Pattern". The collision of the Three Red Soldiers and Three Rising Soldiers has formed a support level at 3050. From these patterns, it can be seen that the bulls are already weak, and it is highly probable that the main force is laying out the market, preparing to start offloading.
2. Analysis from Long and Short Data
Currently, the long positions in Ethereum are still as high as 90%. If Ethereum truly intends to catch up or start a so-called bull market, how much will the leveraged lenders need to compensate? Has anyone calculated this huge difference? Relying solely on counterparty trades is unrealistic. Therefore, even if Bitcoin reaches 100,000 and Ethereum hits 3,500, it is extremely difficult, and it is even possible that Bitcoin is at 100,000 while Ethereum is at 3,260-3,350. This is why I emphasize that the short positions in Bitcoin need to correspond to the high levels of Ethereum, rather than referencing the high levels of Bitcoin to short Ethereum.
3. Market Sentiment Analysis
Currently, the greed index of the market is over 80, but the greed index for Ethereum as an individual asset is over 90. The greed index of holders for a single asset has surpassed the overall market's greed index, which is a terrifying signal of a potential collapse.
However, we have been waiting for the level of 3,260-3,350 to see if this short position high can be reached, and it is highly probable that it can. Therefore, at this position, one can gradually build a light position or, if truly bored, take a short-term long position. But when we are holding a trend short, we will not take a long position; we will only build a light position gradually.
Currently, many retail investors believe that Ethereum is weak, simply putting pressure on the previous bulls and waiting for retail investors to jump in. The probability of such a scenario is actually very low.
The above content represents the viewpoints of Jin Gui speculation and is for reference only.
1. Analysis from Naked K Formations
The daily level of Ethereum has shown a "Three Rising, Three Falling" pattern, with a high-level test of "Left One, Left Two, Left Three". We won't go into detail on Left One and Left Two, as seasoned investors should already know about them, while new investors can look up relevant information themselves. Now, regarding the "Three Rising + Three Falling" formation, this is an unconventional "Top Downpour Pattern". The collision of the Three Red Soldiers and Three Rising Soldiers has formed a support level at 3050. From these patterns, it can be seen that the bulls are already weak, and it is highly probable that the main force is laying out the market, preparing to start offloading.
2. Analysis from Long and Short Data
Currently, the long positions in Ethereum are still as high as 90%. If Ethereum truly intends to catch up or start a so-called bull market, how much will the leveraged lenders need to compensate? Has anyone calculated this huge difference? Relying solely on counterparty trades is unrealistic. Therefore, even if Bitcoin reaches 100,000 and Ethereum hits 3,500, it is extremely difficult, and it is even possible that Bitcoin is at 100,000 while Ethereum is at 3,260-3,350. This is why I emphasize that the short positions in Bitcoin need to correspond to the high levels of Ethereum, rather than referencing the high levels of Bitcoin to short Ethereum.
3. Market Sentiment Analysis
Currently, the greed index of the market is over 80, but the greed index for Ethereum as an individual asset is over 90. The greed index of holders for a single asset has surpassed the overall market's greed index, which is a terrifying signal of a potential collapse.
However, we have been waiting for the level of 3,260-3,350 to see if this short position high can be reached, and it is highly probable that it can. Therefore, at this position, one can gradually build a light position or, if truly bored, take a short-term long position. But when we are holding a trend short, we will not take a long position; we will only build a light position gradually.
Currently, many retail investors believe that Ethereum is weak, simply putting pressure on the previous bulls and waiting for retail investors to jump in. The probability of such a scenario is actually very low.
The above content represents the viewpoints of Jin Gui speculation and is for reference only.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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