@BullChain@P_Pattaa We are almost 3 months off the lows, I was demonstrating HTF divs are nonsense in storng trends. 3 months off the lows and 40% higher is a strong trend. Point stands. Plenty of other examples at major cycle pivot points across many assets. April 19 BTC being more comparable.
@BullChain@P_Pattaa Still cant be sure you arent joking, its been 80 days since it bottomed. Had a monthly close higher, and now breaking out of a bull flag. Whilst RSI and MACD on HTFs match past bottoms. Thats not a single pump. But I agree with other commenter. 83K is the level to watch now.
@P_Pattaa@BullChain Check the monthly close. And Eth is giving the game away. After 10/10 never say never but all the signs are aligned, you can wait for 83k if you want to be sure from here though. Best of luck on whichever choice you make.
@P_Pattaa@BullChain Pretty nice example actually. Overbought, reset to midrange, bounce and cross MA then new highs. Took 3 months to top from that low despite bear divs along the way.
@Cryptoinsightuk It seems like an obvious move that the lows get swept but I have noticed for a while on Eth is does tend to defend them and move up. Many times it takes them as well of course, but just makes it a little more difficult to read than some assets.
@Osemka8 Ive dug into this before to challenge one of the dafty accounts on here. Even on the smaller timeframes it aligns. Sometimes a little lag but in general oil rising is generally good for risk in general.
@TheSportingWire@EFF_NN18@TomY9825 Ive become disillusioned with the modern game for around 10 years tbh, since the pep style pretty much strangled any excitement out of it. I mean it worked, but my god its boring these days. All the excitement is being coached out of kids to fit this style.
@TheSportingWire@EFF_NN18@TomY9825 Its crazy how low the standards have been set for basics these days. Any pro should be able to take that ball down. The skill is keeping it and being productive thereafter.
@Cryptoinsightuk It seems like an obvious move that the lows get swept but I have noticed for a while on Eth is does tend to defend them and move up. Many times it takes them as well of course, but just makes it a little more difficult to read than some assets.