ETH’s bounce has impressed Money Man. It looks better than that of BTC. Definitely some muscle shown in the chart, but that does not say that ETH cannot go correct more. Funny thing is that the 510/520 area recently correlated with BTC’s 17 000/17 200 level. So be careful, the muscle could only be for show.
ETH has also been clear cut by the short-term downtrend, compared to BTC that wicked above it a couple of times, causing Money Man’s Decision Box 2 in “Targets Near and Far” to get more hear than himself.
Money Man was talking about the question as to when a bounce turns into a reversion in the attached BTC analysis and the same holds true here for ETH. 600 was so well defended before and to no avail, but we are bound to have some questions asked of ETH if we visit it again soon.
Conclusion: There is clearly a narrowing of volume now and the effects will tell us much more. Very Important to me: Please like if you appreciate the effort, Please comment and so develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
ETH has also been clear cut by the short-term downtrend, compared to BTC that wicked above it a couple of times, causing Money Man’s Decision Box 2 in “Targets Near and Far” to get more hear than himself.
Money Man was talking about the question as to when a bounce turns into a reversion in the attached BTC analysis and the same holds true here for ETH. 600 was so well defended before and to no avail, but we are bound to have some questions asked of ETH if we visit it again soon.
Conclusion: There is clearly a narrowing of volume now and the effects will tell us much more. Very Important to me: Please like if you appreciate the effort, Please comment and so develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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