You asked what the feeling of despair turning into hope is like? Look no further than the ETH and BTC charts over the last 48H. It was a psychological thriller with a happy ending for now.
š¹ The moment of despair
This is the feeling when staring at the screen on Dec 17 and 18.
Accounts bleeding red. ETH dropped for 5 consecutive day, crashing over 4% on Dec 17 alone. BTC was pressed against the death zone of 86K.
The Fear & Greed Index plummeted to 16 in Extreme Fear. The haunting questions, Is it going to zero?, Should I cut losses at the bottom?
Liquidation alerts firing off. Over $528 million was wiped out from the market in just 24H.
šø The light of hope
Then, a miracle appeared on Dec 19.
BTC hit the dense Buy Wall at 86000 usd and rebounded sharpely. ETH flipped from red to vibrant green, surging +4.38%, recovering all losses from the previous day.
It feels like surfacing for air after holding your breath underwater to the breaking point. Accounts recover, losses turn to break even.
The Bull are not dead! Trader like whale 0x152e with 9 game winning streak or the Buy the dip, whale who scooped up 4,600 ETH feel their strategies were vindicated.
Have you ever experienced this feeling in the past or recently?
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This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
