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Big call suggesting ETH a chance to rocket to $40,000! Well, hope he's right lol

US market's jumped strongly overnight +2% is great news for us crypto bulls as we should see plenty of green today

 
I have cleaned up this thread a little and moved a number of posts to other cryptocurrency threads. Keep this thread for cryptocurrency trading discussion please and use other threads for general cryptocurrency discussion or cryptocurrency scam discussion.
 
Joules MM1 said:
is it a continuation pattern ?
i. like. it. a. lot. am STO
https://www.tradingview.com/x/TQUDlro3/
Click to expand...
nope,

btc:usd is super bullish again, had to reverse this, we got largest % into the 4th which is enough to satisfy for a resumption upside
we still need to exit the operating (blue) downchannel

COINBASE:BTCUSD Chart Image by JoulesMM1

www.tradingview.com

bigger picture, another let to go https://www.tradingview.com/x/YYqSBllO/

my 4k post, better not be a garbage result !!
 
Last edited:

lack of follow-thru, time building a base, huge outflows without price following thru (for every buyers account there's a sellers account*)
we have exited the operating blue channel (BTC:USD coinbase) 47000 get out level

COINBASE:BTCUSD Chart Image by traderjazzhands

www.tradingview.com

there's no clarity for vast majority, the balance of "for every buyer there is a seller" because this often assumes each new sell is met by a new buy, which cannot be proven, however, we can give context to the idea that for every one seller there maybe multiple buyers and for every one buyer there maybe multiple sellers, buy/sell always in balance, one account can constitute the largest buyer from many small accounts, so yes, balance is that all sells are met be all buys, but that is not the balance we should lean on, otherwise why would retail cough up at the low when whales are feeding

so we have to ask the question, what is it that's stopping price following thru, where's the evidence, indicia crumbles, price construct says we should go further in one context and in another context says we have reached the reasonable length in a corrective direction we can now ask what is stalling price from continuation, in fact do we actually have a continuation signal, what exactly is the current context at several degrees of trend given that we cannot see who is most active, the lack of follow-thru suggests buyers are most active because sellers fail to dominate
 
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