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korenje
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#ETHEREUM
could push to $2350 in order to liquidate positions. There it would meet it's major trend line.
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korenje
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Hard to achieve this today. Tokens are gaining max 50% value, some maybe go 100% at full run. 4 years ago we were talking about +1000% in multiples per year.
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How do you do it. +42797.34% in 3 months? How much of your total money are you putting on those leverages in %?
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So what will happen with #ETHEREUM ? This is my prediction. All the long positions will have to be liquidated and the whales will make sure of it, before ETH moves upwards. Penetration through current resistance is very unlikely, despite momentum. Should it still go upward, the earnings of those holding long positions would be collosal, but there is just not enough money, meaning some $10 billion in longs will have to be liquidated, which are situated between $2350 and $2450. Domino effect could push this to $2300 or even lower, since there is a lot of money involved.
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BTC is like gold. The price will go only up, even if it dips 30%.
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For anyone who wants to know why this happened... price was rising, but the demand was falling. First sellout was a bit shy, second was a big dump.
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