🤷♂️ What we can expect before the 16 June hike rate?
📝 The supply of vol slowly dries up, the price not fall sharply, and the volatility slowly shrinks,
indicating that the seller's efforts are fruitless, which reflects more buy orders than sell.
When is the best time to buy ether?
🤷♂️ Most people are stuck at $2500-$3500.
When the price returns to the purple mid-line, the public begins to cash out.
If the big player absorbs all orders at this time and leads the rise, it is the best buying point.
📝What this structure look like to me?
🤷♂️ Accumulation! First market panic sell off, range side...
November will bounce around $1.6-$1.3 remove the left side top $1.38
December will almost side way around $1.8-$2 and trying to break $2 mark
Late December to Feb will just fire up to touch the upper channel around $8-$10
March will start bear market until we touch the down side channel near around $2