Something in the Water
Updated
Money Man is suspicious of this chart that is being sold as water. Previous Green Target 1 was hit and he moved his average buy higher. Price came down past Decision 2 and did not manage to keep momentum as expected. Those red ovals have got him wondering and add to that the fact that ETH has kept to following the TA (see the previous analysis on ETH titled “Ready for the Call” and push play) so much better than BTC. Burning up and down the order book makes it possible for price to move on little volume. Fooling those who are dependent on it as part of their signal.
Conclusion: Price going below the first red oval (53 000) is anticipated to cause a lot of volume and decisive action. Upside also clear to analyze. 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.
Conclusion: Price going below the first red oval (53 000) is anticipated to cause a lot of volume and decisive action. Upside also clear to analyze. 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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