During the day, the news said the Democrats had swept Congress, and the big shots in the group were all shouting, “Regulation is coming—run!” Bitcoin and ETH plunged like waterfalls. I stared at the numbers in my account, breaking out in a cold sweat, and finally steeled myself to cut my losses and get out near the bottom. At the time, I even congratulated myself for getting out so quickly.
But then what happened? By evening, ETH was suddenly surging like it was on steroids, clawing its way all the way back up from the bottom and shooting straight past 2,330! I stared at the screen, wishing I could kick myself. If I’d held on, I’d be back to break-even by now…
My head is full of questions: who does this market even listen to? Bad news during the day, then a mad rally at night. Could big-money players have known about the election news ahead of time and deliberately dumped the market to scare small-time traders like us?
What I’m most torn about now is what to do.
Looking at this 15-minute chart, ETH hit a high of 2,333, but I feel like there’s a wall around 2,340—every time it gets up there, it gets knocked back down.
If it drops to around 2,300–2,310 and holds, could I buy back in? If it breaks below 2,300 outright, does that mean tonight’s rally was just a fake-out?
As a beginner, I really don’t dare make any moves recklessly. Any experienced traders willing to offer me some guidance?
#BeginnerDiary #ETH #TradeReview $ETH #MarketAnalysis
But then what happened? By evening, ETH was suddenly surging like it was on steroids, clawing its way all the way back up from the bottom and shooting straight past 2,330! I stared at the screen, wishing I could kick myself. If I’d held on, I’d be back to break-even by now…
My head is full of questions: who does this market even listen to? Bad news during the day, then a mad rally at night. Could big-money players have known about the election news ahead of time and deliberately dumped the market to scare small-time traders like us?
What I’m most torn about now is what to do.
Looking at this 15-minute chart, ETH hit a high of 2,333, but I feel like there’s a wall around 2,340—every time it gets up there, it gets knocked back down.
If it drops to around 2,300–2,310 and holds, could I buy back in? If it breaks below 2,300 outright, does that mean tonight’s rally was just a fake-out?
As a beginner, I really don’t dare make any moves recklessly. Any experienced traders willing to offer me some guidance?
#BeginnerDiary #ETH #TradeReview $ETH #MarketAnalysis
