On June 11, ETH 2800, I remind everyone that Ethereum seems to be showing a distribution trend, at that time many teachers in the network were looking towards 3000. That night, during the live broadcast at 2830, I had to stop loss when shorting Ethereum, and after the broadcast, a group of people came to complain. Now, how many brothers are stuck at 2800? Anyway, I met a friend who went long at 2870 tonight.
On June 17, ETH 2550, it formed a pattern similar to a double bottom, and many masters came out to suggest bottom fishing. That night, Aleng sold the ondo spot he entered at 0.7222, making a profit of ten points. Repeatedly reminding, practice what you preach, don’t bottom fish unless it’s the bottom, how many of you are bottom fishing?
Today I remind everyone that both Bitcoin and Ethereum have retreated to key levels. Including family members who asked me questions, I told them to keep stop losses at previous highs and not to change, just afraid of missing this opportunity. Today, during a rebound, many people commented sarcastically, and some even insulted! I want to ask everyone, did you get knocked out tonight?
The market has been going on for nearly two weeks, and the pressure is indeed very high. The short positions at Bitcoin 106700 and 108350 have been repeatedly washed out. It’s not just the pressure from the market jumping back and forth; sometimes seeing too many opposing views or negative comments makes one doubt oneself. Although my position is not large, a few thousand U is enough, let’s have fun on the weekend! This has become an art!
When to bottom fish for ETH? Currently, this 2367 low point has slightly broken, I believe there is not enough liquidity and no objective conditions for a rise. I will only consider a second buy in the range of 1900-2100. At present, there is a high probability of oscillating between 2300-2500, entering the distribution phase D! Then it will drop again!
All views have posts or videos as evidence. Friends interested are welcome to dig through the archives, I have never deleted posts. As for friends who have been following Aleng’s views, thank you for your continuous support. See you at the peak, friends!