peterbhc

ETHUSDLONGS are buying again wait for the bottom... in 40 days

peterbhc Updated   
BITFINEX:ETHUSDLONGS   ETHUSD Longs
Not that we are at the bottom yet, but whales are beginning to accumulate. I believe there will be more downside over the next few weeks. but when this is up 32% already today, somebody sees this as a buying opportunity.

notice the pattern, 2 large buying days plus 40 days from the first large purchase date, has signaled a local ETH bottom.

Following that pattern 10/26/2022 could be the bottom for ETH.

Good Luck
Comment:

ETHLONGS are buying, watch for more purchasing as ETH declines to bottom over the next few days
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