ridethepig | ETH Market Commentary 2020.07.24
Updated
⚡️ ETH Fast Flows...
A very technical picture here... The traditional rule for BTC and other major cryptos, when the tide rises all boats rise. In order for this to be successful, the terrain on which we move forward must somehow be positive for Crypto as a whole. The characteristics of confidence in public assets is diminishing, various capital movements are screaming precisely that.
For example, here the pullback was so shallow we are forced into playing the momentum gambits which continue from that point onwards. So the next flow to consider here after the break of the fortified sellers defence is for a test of $300.
All the operations will create new threats and strategically valuable areas which will strive to dissect although with very moving markets it can be difficult go get the ideas published here in time. The fact that BTC is gunning for $10,800 is very positive and clear proof of the underlying strength of the crypto crowd.
Note also the manoeuvres on the break which often become pivotal!
As usual thanks for keeping the feedback coming 👍 or 👎
A very technical picture here... The traditional rule for BTC and other major cryptos, when the tide rises all boats rise. In order for this to be successful, the terrain on which we move forward must somehow be positive for Crypto as a whole. The characteristics of confidence in public assets is diminishing, various capital movements are screaming precisely that.
For example, here the pullback was so shallow we are forced into playing the momentum gambits which continue from that point onwards. So the next flow to consider here after the break of the fortified sellers defence is for a test of $300.
All the operations will create new threats and strategically valuable areas which will strive to dissect although with very moving markets it can be difficult go get the ideas published here in time. The fact that BTC is gunning for $10,800 is very positive and clear proof of the underlying strength of the crypto crowd.
Note also the manoeuvres on the break which often become pivotal!
As usual thanks for keeping the feedback coming 👍 or 👎
Note
Superb moves here.. Eyes on $300Trade closed: target reached
...and I will take that!
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