We will not get markets running hot and cryptos being dismantled at the same time. Today ETH bottomed out at 1720 and quickly moved higher — now encroaching on 1900. My position in ETH has been dwindling down since the beginning of the year, having accumulated more than 200 sub $300 — I chose to sell in 1/12th lots until nothing was left by 2023. Admittedly, I wished I had sold it all — but this is the game plan I have and will stick to it. I am tempted, however, to freeze sales should ETH get around $1400, which I believe will be met with substantial support.
We have the markets running hot today and although I am reticent to be bullish now, into Friday, I am going with the flow — now +1.75% for the session.
If we do run higher again tomorrow, you should expect a continuation of this bottoming action in cryptos. I am playing this via miner MARA.If you enjoy the content at iBankCoin, please follow us on Twitter