I've recently talked about the common confusion between reaccumulations and distributions. I won't go into details because I'm too lazy atm.
But for now, I'd bet on reaccumulation for this chart. We will have a much better macro picture in a few weeks.
But for now, I'd bet on reaccumulation for this chart. We will have a much better macro picture in a few weeks.
Note
If you are looking for fundamental reasoning, here is mine. Crypto "industry" doesn't need Bitcoin. Online gambling can work very well without Bitcoin. ETH is a slightly useful tech. Very useful in online gambling industry. Bitcoin on the other hand is just an old statue.Note
I don't say this to belittle this industry. Gaming and gambling is a very big thing, it is definitely not something to be underestimated.Note
I bet even ETH maxis wouldn't believe this is possible :D That.. You know, feels like the bottom.Note
Let me repeat. Imagine losing against a memecoin as the most important utility project of the space. If it does it's over for Ethereum I suppose.Note
A memecoin that is not even funny.Note
This monthly chart acts like a 5m chart. Crazy shit.Note
Soon we may find ourselves talking about ETH.DNote
If this was a coin, would you buy it? I would smash the green button.
Disclaimer
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.
Disclaimer
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.