Money Man finds that ETH is, as BTC (please have a look at that analysis), boxed in. The bottom of the box on ETH allows for a double bottom, whereas the BTC one does not. Why, he does not know, but that is how the chart reads and if that had to happen on both ETH and BTC, he would simply learn something. Something that he has learned is the relationship between ETH and BTC is not cast in stone and ETH has more potential for movements – thus the clear differences in the two boxes.
Conclusion: Here he also anticipates a coil up of potential and legs once it gets released. Simply because the span is so great on the chart that the distances dictates. But, as always, the aim is to have the plans worked out before price gets there. 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.
Lastly: Also here it is time for Money Man to say a big “Thank You” to all who have supported him up to now.
Conclusion: Here he also anticipates a coil up of potential and legs once it gets released. Simply because the span is so great on the chart that the distances dictates. But, as always, the aim is to have the plans worked out before price gets there. 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.
Lastly: Also here it is time for Money Man to say a big “Thank You” to all who have supported him up to now.
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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.