June 18 (Cointime) - Dave the Wave, a trader who accurately predicted the May 2021 crypto market collapse, advises against being excessively risk-averse on Bitcoin at its current low price. He believes that being too cautious at the bottom would be counter-productive and a play on sentiment.

Dave the Wave also shares Ethereum's chart, indicating that it is in the later stages of an ascending triangle pattern, which could suggest a potential trend reversal if the price breaks through the pattern's horizontal resistance at around $2,300. Despite the recent market downturn, BTC is still respecting its support levels between $26,000 and $22,000, according to Dave the Wave.