$ETH.X Playing Out Perfectly So Far
We got that clean breakdown at $1700.00 and we have seen absolute carnage within the last few trading sessions. Ultimately, we do not see any true demand until under $500. Be Careful. Crypto is a bet on liquidity which is being pulled from the market currently.
Joe's avatar
Interestingly, institutions have spent the past year establishing crypto investment vehicles.. I think there is more institutional liquidity than people think. Will be interesting to see when capital inflow begins into quality crypto assets such as $BTC.X $ETH.X $LINK.X
Preston | Investor Insight's avatar
@j0ed8 They are making bets on 5-10 year time frame targets which does make me more bullish on the space in the future. For now though, it looks very very weak especially with the market trend. I plan to buy the dip (just not yet).
Joe's avatar
@investorinsight a 5-10 year time frame is the right time frame image

Joey Hirendernath's avatar
What are your immediate thoughts on Celsuis pausing all withdrawals, transfers due to 'extreme' market conditions?
Preston | Investor Insight's avatar
@joeyhirendernath This is very typical for alt coins in bear markets. This won’t be the first or last coin we see this happen to over the next 6-12 months.
Irish Born Investor's avatar
What do you use to short crypto? Actual short or inverted coins?
Preston | Investor Insight's avatar
@irish FTX and Binance allow shorting if I’m not mistaken. I’m a long only crypto trader/investor.
Dissecting the Markets's avatar
At the end of the day, institutions prefer to do business with $ETH.X than with $SOL.X
Leon's avatar
i think for the ethereum ecosystem another bear market would be healthy

Author

Related