According to the Fibonacci retracement indicator, every time ETH has dropped from its peak, each rebound has been stuck at each Fibonacci low point, becoming lower each time. Today, it has just hit this point and has fallen back. I predict the true bottom is above 2750, roughly in the 2820-2750 range.
It may take a day or two to reach, but I believe before the real main upward wave starts, there will definitely be a significant pullback that will leave all retail investors in despair, which will lead to a complete climax and the start of the main upward wave.
A few days ago, I accurately predicted the low point of 3030. Originally, this position was considered the bottom, but currently, it is challenging to say that 3030 is the true bottom. There is no choice but to lower the range.
I might be a bit pessimistic, but I will be patient. Please remember that when the real main upward wave starts, there will also be many opportunities for you to get on board, so do not be afraid of missing out. The most important thing is to survive. 🫡
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Today is Friday. During the opening hours of the US stock market, BTC surged in response to the data, with a pre-market explosion and a sudden spike in trading volume. As with last week, the price skyrocketed at the opening and quickly broke through all resistance levels. The price trend is very similar to last Friday's.
The timing of the pump and dump almost perfectly matches It is almost the same script as last week's crash. Let's wait and see!
MicroStrategy releases earnings tonight An event worth noting is the release of MicroStrategy's fourth quarter earnings report. As Saylor has been one of the largest buyers of BTC in the past few months, market participants will assess MicroStrategy's finances. Earnings that beat expectations could avoid a severe drop in the stock price. Failure to achieve earnings could be interpreted as the company is experiencing financial challenges, which would cast doubt on their ability to purchase further BTC. Earnings will be released after the market closes tonight
It looks like another sleepless night today. Enjoy a night of volatility
On days like this, if you fail, you either learn or give up. You know very well that it's your fault, and it's likely that you didn't follow the advice given. Go back to the drawing board, write down all the mistakes you made, and create a set of trading rules to follow in the future.
If you can't follow your own trading system and run it, then it's time to find a different hobby. If you can, you might succeed in the coming years. At first, it's 0, made a lot of money, then dropped back to 0 many times. I've made all the mistakes too. In the world of cryptocurrency, only discipline and commitment can lead to success. It's tough, but the returns during good windows are astonishing.
#WIF Hat Dog has been quite volatile these days. The current 1.39 is the main area that needs to be reclaimed. If it can be reclaimed here, a reversal can be achieved. Currently, it needs to stay above 1.18 USD to achieve this goal!