$ETH
Perhaps there’s one thing ETH holders can actually look forward to in this bear market.
During the 2022 bear, ETH spent most of the year underperforming BTC and getting absolutely crushed on relative strength.
But despite being much weaker, ETH bottomed almost 5 months before BTC did.
ETH put in its low in June 2022. BTC didn’t bottom until November.
By the time BTC finally put in its cycle low, ETH was already roughly 25% off the bottom and had spent months building a base.
Sometimes the weakest looking asset will actually be the first one to finish distributing and start stabilising.
Now, I’m not saying that’s necessarily what’s happening here.
ETH still looks structurally terrible, ETH/BTC is still in a major downtrend, and the chart has been struggling to hold key support.
But last cycle proved ETH didn’t need BTC to bottom first.
And if ETH continues frontrunning BTC in weakness, I think there’s a real chance we see that same sequence again.
@KillaXBT HTF trader using 62x leverage? 😂
You're not fooling anyone.
Just admit you got the move wrong already and stop try to cover with the "a reminder I'm a HTF trader"
Even HTF traders know how to get a good entry.
Exposed 🫵
@KillaXBT L take after L take 🫵
You have no clue about price action, evident over the last 2 weeks lmao. Market does the opposite of what you say each time.
You are just riding the macro narrative of a bear market and have absolutely no idea how to trade in between.
Getting exposed
@xBaster09@KillaXBT He's been wrong so many times, just won't admit it.
Every trader is wrong, but pretending like you never are is a quick way for everyone to see through your BS.
Last week the gurus were telling you that China was doubling their money supply over night, ETH was bullish because a hacked exchange had to buy it, and that you should front run ALT season before QT ends.
Can't wait to hear what they have to say this week.