Outside In
Updated
Recap: Price went cleanly out of Decision 1 on the previous analysis and went to Green 2. It peeped above it but consolidated there and then the big drop into that Red 1 and is now teetering around that Decision 1. The move through that Green 1 has caused a redraw of the long-term trend lines.
A bit of a recap of the action is that Money Man posted (if you follow you would know he rather writes a new analysis) on the BTC analysis that things are getting a bit strange as selling was getting hard, around 32 800. He now learned to put an update on both BTC and ETH when things are starting to look out of kilter.
Summary: We went from the inside out into the wilds and now are bringing the outside in – trading went from leaving the averages to coming back to it. Which ones are important? Are we forming a pattern? Money Man is attempting to put these important levels of confluence here on this analysis. Remember: Especially in high volatility: No guarantees, only probabilities. 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.
A bit of a recap of the action is that Money Man posted (if you follow you would know he rather writes a new analysis) on the BTC analysis that things are getting a bit strange as selling was getting hard, around 32 800. He now learned to put an update on both BTC and ETH when things are starting to look out of kilter.
Summary: We went from the inside out into the wilds and now are bringing the outside in – trading went from leaving the averages to coming back to it. Which ones are important? Are we forming a pattern? Money Man is attempting to put these important levels of confluence here on this analysis. Remember: Especially in high volatility: No guarantees, only probabilities. 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.
Note
Previous ETH analysis 
Note
Next ETH analysis 
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.