Diagonal lines are pretty much a meme. Key resistance is still 41K. Close above that and we can start eyeing confluence of yearly open and STH realized price around 47K. One step at a time.
I doubt there's spot inventory left to sell at $40k. What was going to be sold has been sold already in a 2 month downtrend capped off by a macro panic.
Also doubt buyers in the $30k area bought in order to sell here.
Similar in many ways to the $6k level in 2019.
Also doubt buyers in the $30k area bought in order to sell here.
Similar in many ways to the $6k level in 2019.
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I dont know why but am having trouble with taking. screenshot from binance on my pc. I wanted to share some charts 😠
Forwarded from dollarprinter
the mrg Interesting metric showing us we have just turned positive again similarly to last 2 reversals.
Forwarded from dollarprinter
coincides with my view for eth, i think the top for thi cycle isnt in yet. 2017 bullcycle top was 5$/byte