Short squeeze yesterday on GDAX where we saw a race to cover,
and market orders shooting the price up to the $580s, and seeing 8%+ in seconds and back.
After all that, we are still on the 8th red day in a row, and very likely forming a daily inside bar today.
Still watching due to the beat up daily RSI levels, and potential for more significant upside as ETHBTC is beat up as well.
We will need a 4 hour higher low and higher high to break the daily inside bar bullish, if that is indeed how it forms in 12 hours.
Still correlating strong to BTC, and always watching for clues and comparison. Still hard to be confident holding anything bullish for a couple days.
and market orders shooting the price up to the $580s, and seeing 8%+ in seconds and back.
After all that, we are still on the 8th red day in a row, and very likely forming a daily inside bar today.
Still watching due to the beat up daily RSI levels, and potential for more significant upside as ETHBTC is beat up as well.
We will need a 4 hour higher low and higher high to break the daily inside bar bullish, if that is indeed how it forms in 12 hours.
Still correlating strong to BTC, and always watching for clues and comparison. Still hard to be confident holding anything bullish for a couple days.
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