What if ETH going minus? Like USOIL in 2020 🤔
Ummm..i don't know, I'm not psychic. But, that is really possible if many people going short without taking profit point. I mean what if those red rallies are not correctional wave but rather an impulse wave of bear market.
Since fib 61.8 was considered golden ratio, and 38.6 was 61.8 inversion. And based on the test, only 17% of the price that did not rebound on 61.8. And based on the record, USOIL had achieved that super weird nightmare record in 2020 that never happened before.
I think it is much easier for ETH to reach minus price. Since USOIL is much more useful in real-life than fintech software such as ETH or BTC. I mean those crypto things are fundamentally worse than USOIL, USOIL has function as a daily consumption rather than just traded assets with no function like cryptos.
Since fib 61.8 was considered golden ratio, and 38.6 was 61.8 inversion. And based on the test, only 17% of the price that did not rebound on 61.8. And based on the record, USOIL had achieved that super weird nightmare record in 2020 that never happened before.
I think it is much easier for ETH to reach minus price. Since USOIL is much more useful in real-life than fintech software such as ETH or BTC. I mean those crypto things are fundamentally worse than USOIL, USOIL has function as a daily consumption rather than just traded assets with no function like cryptos.
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