Recap: On the (old) previous analysis: Green 1 (which was nearby) then back to Decision 2. After which it made it to Green 1 again and stalled before breaking Decision 2 without follow through and bounced to Green 2, failed hard into Red 2. Money Man took some time away to do some reconnaissance with care not to add unnecessary complexity to his analysis. A year ago, he wrote his ideas down about “Potential, Objective and Subjective Value”. He revisited this and this led him down the rabbit hole of stacking to understand their mindset and that of hodlers better, as he presumes similarities. That “research” led him into seeing more the value of watching the Dollar index and how it translates into precious metals as well as the real interest rate. Now he is keeping an eye on the Dollar and how it is threatening a breakout. This combined with the Fed musing about regulating crypto yet again is adding potential energy to cause notable movement or at least some serious volatility in his humble opinion.
Conclusion: The chart says that price will have to make a decision soon and so does the precious metals. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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Previous ETH analysis
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2 Most probable scenarios now: 1) BTC consolidates and ETH creeps up to Green 2, or 2) BTC fails and the run is over for ETH. Thus Money Man has a close eye on BTC. Price now 3533
@OptimoomFX Your comment makes it a pleasure. Thank you, OptimoomFX.
Whutwhut
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Nice. Easy to understand. And look like a pickle. :) Thank you.
Rule72
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@mel3078 Ah yes, mel3078. Crypto, the Dollar and precious metals are all in a decision area. Tight lines.
Whutwhut
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@Rule72, So I'm starting to buy in incementals, not robust enough for me. So, thinking we're in for some good entry levels soon, and would like to gobble those treats up! Have a great day! Thx again.
Deb101
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As always very nice recap. Thank you for sharing @Rule72