I love this chart. But I don't have a strong opinion yet. But honestly I'm *slightly* bullish about this Bart :D Just because of the overconfidence of Bitcoin maxis lately.
Note
Imagine this ponzi goes for a double top.
Note
Dead? 100% bearish chart. But let's see what happens at weekly support levels.
Note
This still looks terribly bearish. I see bullish posts about ETH everywhere. Because that's what people learned from crypto bull cycles. First BTC moves then ETH. But at least this chart is not supporting that idea.
Note
That can change of course. But right now there is not a hint of change on the chart.
Note
Compare it with SOL/BTC. If I was a crypto and altcoin maxi (thanks God I'm not) I'd definitely go with "overbought" SOL even right now.
Note
If you wanna be a crypto trader first thing you do is forgetting these two words "overbought and oversold". Like there is a rational way of measuring the value of these things. You just have to go along with the chart.
Note
I don't really undertsand the point of being bullish about this. If you are not playing very short-term.
Note
Ok now this is good.
Note
I'm actually bullish on ETH right now. Big exit pump.
Note
Note
Look at SOL wow. ETH next, don't get it twisted.
Note
See what it does. This has to be a reversal at this point.
Note
There is that bigger downtrend line above. But I wouldn't trust it.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.