If we retrace to the 0.5 fib on a HTF basis, we're talking $600-700 eth...While BTC 3rd cycle pretty much invalidated the S2F model of parabolic adoption, this being ETH second cycle i could see ETH having signifigantly more downside risk ST/MT.
BTC.D has already broken out above its HTF resistance.
And EETH/BTC has broken down below its HTF support.
NFA. DYOR. This is for my personal benchmarking reference only.
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