Bull by The Tail
Updated
What to do when you do not have the bull by the horns, but the tail? Please forgive Money Man for still playing with this bull, but he is getting every mile out of it.
It might seem as though he simply divided the chart into equally spaced blocks, but not so. He adjusted the levels according to the recent price action and this is what came from it. Tells him just how orderly and decisive the march has been up to the All-Time High.
A test of the hands holding ETH is quite normal at an ATH but can quickly turn into a correction as the nervousness at an ATH is normally obvious.
Conclusion: Decide where this is not a test anymore, but a correction. Money Man is looking at how price is reacting around Decision Box 2. Very Important to me: Please like if you appreciate the effort, Please comment and add your voice or develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
It might seem as though he simply divided the chart into equally spaced blocks, but not so. He adjusted the levels according to the recent price action and this is what came from it. Tells him just how orderly and decisive the march has been up to the All-Time High.
A test of the hands holding ETH is quite normal at an ATH but can quickly turn into a correction as the nervousness at an ATH is normally obvious.
Conclusion: Decide where this is not a test anymore, but a correction. Money Man is looking at how price is reacting around Decision Box 2. Very Important to me: Please like if you appreciate the effort, Please comment and add your voice or develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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