ETHUSD LONGS have made new highs the past week.
As shown in the chart, the last time ETHUSD longs hit a high, they crashed shortly after, pushing the price of Ethereum from $300 to $1500.
As shown in the green boxes, we have the same type of movement when compared to previous months of the 17'-18' bull run.
I do not expect us to see movement like we did before, but I do believe it can show our next moves.
The entire market volume has been rising the past month and we are getting close to where we were back in January of 2018.
Alts have been moving left and right, which may also be indicator. We have not seen alts move as they have been, this whole bear market.
Trade safely, although I do believe we have many many indicators that are pointing to the upside.
As shown in the chart, the last time ETHUSD longs hit a high, they crashed shortly after, pushing the price of Ethereum from $300 to $1500.
As shown in the green boxes, we have the same type of movement when compared to previous months of the 17'-18' bull run.
I do not expect us to see movement like we did before, but I do believe it can show our next moves.
The entire market volume has been rising the past month and we are getting close to where we were back in January of 2018.
Alts have been moving left and right, which may also be indicator. We have not seen alts move as they have been, this whole bear market.
Trade safely, although I do believe we have many many indicators that are pointing to the upside.
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