ETH is not having its "2017" moment, neither is BMNRDespite Tom Lee calling for ETH to $18k (which I happen to agree on btw), I think his timing is completely off. He's thinking that ETH is bullish here and that we're going to go to new highs this year.
I think the opposite. I think the top is already in for the year and that we're going to head to new lows first before we make our way to new highs.
BMNR doesn't look good either. The chart is bearish on the 3W and 1M timeframe with a bearish divergence on the RSI.
I think it's more likely that BMNR retests the lows before it sees any large pump.
Let's see how the chart plays out over the coming weeks/months.
Bitmining
$BTCM 1 Hour Volume ProfileNice bounce off EMA cloud.
Watching for possible rejection at these levels short term , esp with tomorrow being OPEX
Break above $12.36 she can go
Up +7% today so far ... My bias is a retest of the 200MA ($11.7 zone) with follow through to the upside next week... just an idea.