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Michaël van de Poppe
@CryptoMichNL
CIO & Founder @MNFund_ and @MNCapital_vc | Host of @new_era_finance | Macro-Economics, Value Based Investing & Trading | Crypto & Bitcoin Enthusiast
加入 May 2010
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$ETH has reached the area where you'd want to be max bidding. It has taken out all of the lows since the breakout in August. Literally all of them. That means: it's going to reverse back upwards from here, or we'll fall <$1,850. As there's just been a massive hack in the industry and prices remain resilient + problem is solved, it's quite hard to expect that we'll be seeing the crash towards <$1,850. Why am I saying that? You forget the midterms! Yeah, by now, and that's probably what you're seeing in indices and other assets: everyone has already priced in the fact that the Democrats will win these. Most likely that's why there's not much more downwards pressure going to happen. Other than that, looking at a flip of $2,300 would be incredibly bullish.
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#Ethereum# is at an interesting spot. There are multiple levels that this could hold onto. The most obvious and best entry zone is beneath the recent low, of course. I'd be max bidding everything beneath $2,300 as then I think that we'll reverse quite quickly. From a trading standpoint, it's also at a level of support as we speak for some scalp trades. What's next after this correction? Indeed, new highs.
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