Ethereum escapes Bloody Monday
It's always good to close the daily on Monday. I think we're going to get through mostly unscathed with a potentially nice setup for the upcoming week. I charted the 4-hr (usually do the daily) to try to capture the effects of the FUD throughout the day. If you haven't been paying close attention, it turns out there WAS NO SEC HEARING. All FUD. A lot of 'explanations' as to why...I'll leave the speculation up to you.
Here's what I see: one hell of a pair of bullish tweezers with clear capitulation volume on the left 'hammer' of the tweezers. The table is set for a rally. MACD is headed in the right direction and a few days without spurious FUD could see very positive price action. I'm bullish.
I chart primarily ETH because I see it as a leading indicator for many alt-coins and I do believe we are coming due for a true alt pump. I pray that BTC and alts can run together.
Here's what I see: one hell of a pair of bullish tweezers with clear capitulation volume on the left 'hammer' of the tweezers. The table is set for a rally. MACD is headed in the right direction and a few days without spurious FUD could see very positive price action. I'm bullish.
I chart primarily ETH because I see it as a leading indicator for many alt-coins and I do believe we are coming due for a true alt pump. I pray that BTC and alts can run together.
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