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Reasons Not To FOMO In Today

All Cryptocurrencies

by COINS NEWS 257 Views

1.) We are going into the weekend dip if you believe in that sort of thing

2.) we still haven’t seen a real dip on ETH since it broke 3k. It hasn’t dipped down to previous resistance levels. This could be the new Floor but after significant gains there’s usually some pull off

3.) Btc and ETH have stalled out (for now). Btc has failed to break 47k for days and ETH hasn’t broke 3300. The usual pattern is Btc pumps, ETH pumps and then alts pump. I’d argue alt have stopped pumping with the exception of Ada. Which is pumping due to the announcement due today.

4.) 2 weeks ago everyone was certain we were in a Bear market. If you weren’t buying two weeks ago, I highly advise against buying now. On that note we have pumped for about 2 weeks without any serious pull back.

This could be a bull trap or this could be the start of an even stronger bull run. My recommendation would be wait till after the weekend or a dip and then start your Dca. But then again, this isn’t financial advise

submitted by /u/Queasy_Passion7871
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