I bought some ETH these days. I made the trade in the exchange called Gate.io. I do not mean to advertise, my USDT is happened to be here.
I bought them at 120 dollar and I will sell them at 130-140 dollar. I do not want to hold it for a long time because it is still the bear market. I want to make some extra money to spend more in Chinese New Year.
Here are my reasons why I think ETH will rise:
- The folk is coming and it is really good news for ETH. The succeed of folk will make ETH rising. Maybe someone doubts that the folk may fail, you can buy when you know the hard folk is succeeded. According to my experience, it will be too late for investors to buy if news of the succeed of folk is released, I would prefer to buy first.
- More and more people go short in the future market, I think it is time to go long or buy. It is safe to stand the opponent side against the most people when the market is going to choose a side. Here is the boll chart of ETH, it is going to choose a side and I choose the rising.
- The macd chart is becoming positive, and the sell orders are not too many. No one is willing to sell and many are willing to buy. This situation will make the price of ETH rise.
This folk begins in the 22:00 pm at GMT+8. After this folk, POS will become an important mining method. It will encourage the miner less than before. Users who want to use and developer ETH will get more after this folk.
It is not too long, we will be able to see the price very soon at tonight.
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