The recent trend in cryptocurrencies

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collins24

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Bitcoin and Ethereum prices are trending upwards now after last week's dip, and with this recent price trend, many people are beginning to sound bullish and think we might see another ATH soon.

But I think otherwise. The trend is bearish on the daily timeframe, and until it fails, we are likely to see a bearish continuation.

What do you guys think?
 
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Ethereum’s move looks weaker than Bitcoin’s, which makes me think the pump isn’t sustainable yet.
 
It's a matter of perspective.
Change the chart view to "monthly" view, and everything will look different.
 
The market is currently in a rebound phase. I have been paying attention to ETH. On the weekly chart, it has encountered strong pressure. Unless the weekly chart can reach above 4200, the bearish trend will continue.
 
collins24 said:
Bitcoin and Ethereum prices are trending upwards now after last week's dip, and with this recent price trend, many people are beginning to sound bullish and think we might see another ATH soon.

But I think otherwise. The trend is bearish on the daily timeframe, and until it fails, we are likely to see a bearish continuation.

What do you guys think?
Click to expand...
I am in for long term. Short term fluctuations do not have any effect on it.
 
No one can time crypto. But if you keep investing some money each month, it can grow to good amount.
 
collins24 said:
Bitcoin and Ethereum prices are trending upwards now after last week's dip, and with this recent price trend, many people are beginning to sound bullish and think we might see another ATH soon.

But I think otherwise. The trend is bearish on the daily timeframe, and until it fails, we are likely to see a bearish continuation.

What do you guys think?
Click to expand...
You’re right to watch the daily trend—macro sentiment can look bullish, but unless we see higher highs confirmed, the risk of continuation down is still strong. Patience is key here.
 
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