Poking a Bull
Updated
What is the difference between a bull and a bulldog? Both can hurt you but the one you can ride and the other leads you down the garden path. Money Man has not fallen off the earth. He has been waiting for some sort of resolution – taking a week already – and it seems as though the build-up is now at a stage where he must adjust levels according to recent movements and put some new levels down. Changes has been made: Green Target 1 coming in to cover a double top and a Green Target 4 to cover possible “uncoiling” volatility as this is becoming a real possibility now (possibly after a time near the ATH though). Red Targets reflect the support we have built.
Conclusion: The lack of an update in analysis was caused by the consolidation (big as it was) and the persistence of the existing levels. We cannot stay here forever and are bound to move soon enough. It is not clear as to it being a manic bull market as Money Man thinks movement at and just above the All-Time High will soon tell us. ETH is vulnerable to moves in BTC and that is what Money Man conveniently blames for not fully reaching the previous Green Target 1 and Red Target 2. Old story: Reversal of BTC causes instantaneous reversal in ETH. But consolidation in BTC causes drift to target in ETH. 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.
Conclusion: The lack of an update in analysis was caused by the consolidation (big as it was) and the persistence of the existing levels. We cannot stay here forever and are bound to move soon enough. It is not clear as to it being a manic bull market as Money Man thinks movement at and just above the All-Time High will soon tell us. ETH is vulnerable to moves in BTC and that is what Money Man conveniently blames for not fully reaching the previous Green Target 1 and Red Target 2. Old story: Reversal of BTC causes instantaneous reversal in ETH. But consolidation in BTC causes drift to target in ETH. 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.
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