Altcoins continue to underperform Bitcoin writ large, and Ethereum continues to generally be beaten down.
Good.
As you can see, the demand zone below price is currently being front run, which I discussed as a likely possibility a few days ago. As Bitcoin hit $99,000, liquidity moved VERY quickly into Ethereum, which bounced hard.
RSI is oversold, with likely bullish divergence on basically every single time frame. Ethereum is EXACTLY where it should be at this point in the cycle, but general consensus it that is is “dead.” Maybe? But usually that is the best buy signal there is.
Good.
As you can see, the demand zone below price is currently being front run, which I discussed as a likely possibility a few days ago. As Bitcoin hit $99,000, liquidity moved VERY quickly into Ethereum, which bounced hard.
RSI is oversold, with likely bullish divergence on basically every single time frame. Ethereum is EXACTLY where it should be at this point in the cycle, but general consensus it that is is “dead.” Maybe? But usually that is the best buy signal there is.
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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.
info@thewolfoallstreets.io
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.