ETH TAPPED 2450 THIS MORNING WHILE BTC STILL STARES AT THE 82000 WALL
ETH hit 2450 dollars this morning and BTC is still staring at the 82000 wall
That gap is the whole story today
ETH is up 4 percent in 24 hours while BTC is up 3 percent and the ETH funds just flipped green with 53 million dollars in after 7 straight days of money walking out
The crowd keeps calling this a BTC bounce and the tape disagrees
ETH led the move from the open and the shorts paid for doubting it with 378 million dollars in bearish bets wiped out in a single hour
The honest part nobody wants to say out loud is that this bounce is still standing on thin ice
Only 38 percent of short term holders are back in profit after 97 percent were green in early October and the biggest BTC fund still bled 201 million dollars on a green day
So here is my read
ETH breaking 2450 dollars on a daily close turns this from a squeeze into a real lead and opens the road to 2500 dollars
A daily close back under 2310 dollars kills it and hands the tape back to the sellers who got squeezed this morning
And tomorrow at 1530 Cairo the jobs report lands so this bounce gets judged fast
No waiting around for a slow verdict
Pick your camp and defend it with a number
ETH LEADS THE NEXT LEG or BTC DRAGS IT BACK DOWN
Which side are you on and what price proves you right
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #ETH2450Test
ETH hit 2450 dollars this morning and BTC is still staring at the 82000 wall
That gap is the whole story today
ETH is up 4 percent in 24 hours while BTC is up 3 percent and the ETH funds just flipped green with 53 million dollars in after 7 straight days of money walking out
The crowd keeps calling this a BTC bounce and the tape disagrees
ETH led the move from the open and the shorts paid for doubting it with 378 million dollars in bearish bets wiped out in a single hour
The honest part nobody wants to say out loud is that this bounce is still standing on thin ice
Only 38 percent of short term holders are back in profit after 97 percent were green in early October and the biggest BTC fund still bled 201 million dollars on a green day
So here is my read
ETH breaking 2450 dollars on a daily close turns this from a squeeze into a real lead and opens the road to 2500 dollars
A daily close back under 2310 dollars kills it and hands the tape back to the sellers who got squeezed this morning
And tomorrow at 1530 Cairo the jobs report lands so this bounce gets judged fast
No waiting around for a slow verdict
Pick your camp and defend it with a number
ETH LEADS THE NEXT LEG or BTC DRAGS IT BACK DOWN
Which side are you on and what price proves you right
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #ETH2450Test
