Anyone else spotting a bullish divergence on the H1 RSI? Seems like the price is consolidating around the 2020s. I'm thinking we might see a move up towards the R1 pivot if this holds.
Been listening to some analysts on YouTube discussing the recent macro news, especially about inflation concerns. They're saying ETH might be a good hedge similar to gold, which makes sense with this recent rally. One guy mentioned looking for a pullback to a key support level, maybe around 2000 or even lower if there's a big sell-off. He was referencing an old article about how ETH acted during past inflationary periods. It's interesting to see how global events can directly impact crypto prices, not just the tech side of things. I'm still trying to wrap my head around all the interconnectedness.
Risk management is paramount, regardless of market manipulation theories. My approach involves strict adherence to predefined stop-loss levels and never risking more than 1% of capital per trade. Understanding position sizing is key to surviving these volatile conditions. Patience allows for better trade selection and execution, minimizing emotional decisions.
Watching this ETHUSD chop during the Asian session. It's a bit frustrating seeing the price just ping-pong between the 20 SMA and the S1 pivot. Not exactly inspiring confidence for a clear directional move right now.
Seriously though, if you're gonna trade, you gotta go all in. What's the point of risking a little if you ain't gonna make it big? I just threw another 50x leverage on this ETHUSD bounce at 2020. It's either gonna hit my TP at 2050 or I'm gonna be ramen for a month. That's the game. You gotta embrace the risk, man. Hesitation is for losers who want to trade small. This Asian session is looking ripe for a quick pump, feels like smart money is starting to step in.
