To be honest, I really don’t understand this recent Ethereum surge—other than forcing shorts to close their positions, I can’t think of any other explanation.
As soon as the market warms up a bit, the technical analysts start drawing all sorts of bottom patterns again. Rounded bottoms, W bottoms, inverse head and shoulders… as if charts can predict everything.
That said, you really can’t rely on fantasies when trading. But if a bull market is truly coming, shouldn’t we leave some room for imagination? After all, this is the crypto market—any kind of wild price action can happen. You have to find a balance between rationality and dreams.
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DegenApeSurfer
· 12-07 03:51
Those chart patterns always look like hindsight bias, seriously.
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YieldWhisperer
· 12-06 22:36
It's just a short squeeze, seen it too many times. Let's wait and see how it crashes afterward.
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MetaverseLandlord
· 12-04 04:41
I’m tired of hearing about forced liquidations. Where’s the real reversal signal?
All those chartists should go to an art museum.
Rationality? In this market, talking about rationality is suicide. You’re better off betting on luck.
Wait, is this wave really about to take off? Feels a bit different this time.
Trading is just like buying lottery tickets, unless you can read the minds of the big players.
Bottom patterns are even less reliable than fortune telling.
Honestly, I don’t even look at charts anymore. I just watch the rhythm of big players dumping orders.
There’s definitely someone manipulating this round of pumping. If you ask, it’s just the whales shaking out weak hands.
When the bull market comes, you don’t need to draw a bottom, it just takes off. Right now, you still have to wait and see.
Starting to get it—feels like this is just the final accumulation move.
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CryptoMom
· 12-04 04:37
Tired of hearing about short squeezes all the time—no one can really say who the real driving force is.
Charts are just hindsight analysis, trying to force some pattern into the price movements.
It's good to have dreams—what if they actually come true? But don't go all-in with your account.
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UncommonNPC
· 12-04 04:29
Let them force a short squeeze if they want; I can't read the charts anyway, and drawing more bottom patterns doesn't make me any money.
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BlockchainDecoder
· 12-04 04:28
According to research, this kind of short-term surge is more due to liquidity reallocation rather than fundamental improvement. It is worth noting that technical patterns themselves are a false proposition; charts are merely records of history.
To be honest, I really don’t understand this recent Ethereum surge—other than forcing shorts to close their positions, I can’t think of any other explanation.
As soon as the market warms up a bit, the technical analysts start drawing all sorts of bottom patterns again. Rounded bottoms, W bottoms, inverse head and shoulders… as if charts can predict everything.
That said, you really can’t rely on fantasies when trading. But if a bull market is truly coming, shouldn’t we leave some room for imagination? After all, this is the crypto market—any kind of wild price action can happen. You have to find a balance between rationality and dreams.