Do you see any pullback from this recent rally?
Overall, it's looking good but I'm still cautious.
I'm not holding at the moment, more swing trading. Took some profits recently now waiting for another entry point, specifically if ETH breaks the downward sloping resistance line of about 4416-4420.
47k-53k friend zone IMO. What I posted earlier also backs up the bottom is likely in which was that 42k and a 48k close. I have 42k as a marker but i don’t think we close anywhere near there because that was the bottom of the Sept dump and per my post, I believe we are still in the uptrend therefore we won’t close near previous lows.
I tend to look at dates rather than the number itself and I think I said before 15th December could be the rally point.
*2020 December god candle rally happened from the 15th December onwards
*Options expiration on the 17th December
*End of year tax means big players take profits prior to options expiration
*BTC futures pattern of 6 on 4 off also supports a rally can begin from the back half of December
*weekly RSI will show a bottoming out by end of next week (mid December)
I bought more this week.
I think people looking for downside are going to miss how quickly the upside can come.
Back in December 2020 we double in price in 2 weeks……. Hence my 93k marker so keep an eye on that